CBD Development Opportunity

    Deadline Treaty closing 4pm 11 February 2022
    43 Princes St, CBD

    Video

    Explore this property with our video tour.

    Features

    • 16 basement carparks
    • Ground level retail
    • 8 levels office, 298m2 floorplates
    • 4 vacant levels

    Description

    In real estate we talk about Location, Location, Location and this is all of that and more.
    Located in a prominent, popular and very central position, this freehold, nine-level office building with carpark is for sale by deadline treaty.

    Evan Parry House is just a few steps from Dunedin’s famous Octagon. A five minute walk will get you to Dunedin’s 3 main shopping malls, the Exchange business precinct, numerous eateries, popular schools, supermarkets, and the new Hospital and ACC building construction sites.

    The building currently has a high level of vacancy, unlike any of the surrounding multi level buildings which are fully occupied or very close to it. This presents opportunities that are seldom available for such a sizeable, substantive building in such a prime location.

    With Dunedin office rates increasing and inner city accommodation in demand, this is your opportunity to invest in the tightly held Dunedin office market, control your own office space, or repurpose to create highly sought after inner city living.

    - existing holding income
    - 16 basement carparks (8 vacant)
    - ground level retail (190m2 vacant)
    - 8 levels of office with 298m2 floorplates (4 levels vacant)
    - CBD zoning allowing office, educational, residential etc
    - DSA available with structure 100% NBS (façade needs some work)

    It is rare for a building of this scale, nature and location to come available for sale in the Dunedin CBD. There is work needed to bring it up to ‘A’ or ‘B’ grade office space, but it has excellent potential income once upgraded and fully let.

    For sale by Deadline Treaty expiring 4pm February 11th 2022. Prior offers considered.

    Contact the sole agents for a full information package and to arrange viewing.

    Property Data

    • 495m² (0.0495 ha)
    • 3500m²

    Property Documents

    Map

    Contact the Agent






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