Inner City Development Opportunity
A rear opportunity has presented itself for you to secure a development site with holding income in the heart of Dunedin Central.
This relatively flat 506m2 parcel of land is currently zoned residential 4 but will change to inner-city residential under the new district plan. This allows the new owner plenty of scope to design some modern apartments and maximize the potential of this prime piece of real estate. (DCC consent required).
The dwelling is located in the center of the property and has been a solid rental for the current owner over the last few years. The house comprises of three good sized bedrooms, a tidy and functional bathroom, and a practical kitchen. The house is currently rented until December at $320 per week and would be easily let again should you want to secure tenants while you plan your development.
Properties in this location with this much potential are always in demand so don’t miss your opportunity to secure this well-located property.