Dunedin Central - CBD Development Opportunity with Holding Income

Description

Rarely available, this freehold site at 52 York Place offers a prime central city location for sale, comprising a 1,336m2 (more or less) parcel of land under a single title.
Currently leased to an early childhood provider, the site generates holding income and presents a unique opportunity for an astute buyer with significant redevelopment potential. The new owner will benefit from an extended planning window to unlock this potential, or the potential to work with the existing tenant on future plans.
The property is zoned under the 2nd Generation District Plan as SSYP (Smith Street and York Place), allowing for Commercial and Mixed-Use developments, including multi-level residential developments or a variety of commercial development options. The existing two-storey brick dwelling has been converted into an early childhood centre, featuring onsite parking and outdoor areas.
Key features

• Site coverage 1,336m2 over one freehold title
• Superb city centre site - a short walk to The Octagon and surrounded by mixed use commercial and residential activity
• Ability to further develop into multi-level apartments, visitor accommodation, training and education facilities, a new childcare centre or explore other options
• Zoning: Section 13, Heritage, Zone: Smith Street and York Place, 2GP, Section 18, Commercial and Mixed Use

Enquire now to the exclusive agents for more information.
For sale by Tender closing at 4pm on Wednesday 9 April 2025.