470 Moray Place, City Centre Dunedin, Dunedin City, Otago

^Floor 400m²
^Land 613m²

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Development Opportunity in Prominent CBD Location

470 Moray Place represents a unique opportunity to purchase a prominent property in a central Dunedin CBD location. The property is currently vacant which opens up options to a wide range of different purchasing groups and potential uses.

The property is located in an excellent position being situated on Moray Place, within close proximity to The Octagon, George Street, Princes Street and Stuart Street. The property poses a unique development opportunity within the CBD, being situated close to the new hospital build, as well as access to good transport links being around the corner from the new Bus Hub.

The property consists of five stratum in freehold titles sitting on a land area of 613m2 (more or less). The building is vacant having recently been gutted and is ready for redevelopment. The building has concept plans which showed a retail unit on the ground floor, and a mixture of one and two bedroom apartments throughout the building (subject to relevant local council consents being approved).

The property also benefits from on-site parking, as well as the opportunity for bicycle and motorcycle parking and storage in the basement.

Seldom do add-value opportunities such as this come available for purchase in the local market, this is a blank canvas.

For sale at $1,600,000 plus GST (if any).

Contact the nominated broker for more information.