Exciting Opportunity Awaits.
Are you on the lookout for a game-changing real estate project? Look no further! We have an exceptional opportunity for you to embark on an impressive venture. Presenting a substantial freehold parcel of land, spanning 1,214 sqm (more or less), situated within 'Inner City Residential' zoning under the Dunedin City Council Second Generation Plan.
This promising property boasts the potential to accommodate 1 habitable room per 45sqm of land (pending the necessary consents).

The property comprises two distinct and exciting development components: a captivating existing building with a heritage facade, and a vacant stretch of bare land eagerly awaiting your visionary touch. The existing building has already been extensively cleared out to be prepared for internal development. Concept plans have been put together by the owners, envisioning 4x2-bedroom apartments within the current structure.

What's more, the vacant land uphill opens up opportunities for the creation of a new build to utilise the space on offer. A Land Use Resource Consent was started but with a change in personal circumstances, the Vendors have not completed this process and have made the land available for another developer to take on the project.

This prime property is now ready and waiting for an enterprising developer to take the reins and have the chance to put your unique stamp on this project and bring it to life.

If you're eager to unleash your creativity and expertise in the realm of property development, seize this moment and seize this property!

Viewing strictly by appointment.
Please note there are no Bedrooms or Bathrooms on this site.