North Dunedin Development Opportunity

The subject property at 500 Great King Street, North Dunedin presents a unique opportunity to acquire a prominent freehold site on 468m² (more or less) in Dunedin's North End.

Consisting of a purpose-built church hall built in the 1970s, the owners are now looking to divest their asset. This area is sought after by developers or owner occupiers looking to establish accommodation options in the area; commercial retail/service/hospitality developers seeking sites close to the University, education providers or training entities seeking a foothold close to campus (subject to zoning consents).

The property is zoned under the 2nd Generation District Plan as Section 15, Inner City Residential. The existing single storey concrete block building with amenities has been assessed at 80% NBS and could suit a number of uses going forward. The site offers seven onsite carparks with six parks currently providing a holding income rented at $40 per park per week including GST. (Total $12,480 pa including GST).

Vendors are registered for GST. Vacant possession provided.

Key features:
- Site coverage 468m² over one freehold title
- Existing church hall premises with seven onsite carparks
- Surrounded by mixed use commercial and residential activity
- Ability to occupy or further develop commercial or residential accommodation options or other commercial activity subject to consents
- Zoning: Section 15, Inner City Residential Under 2nd Generation District Plan, Archaeological Alert Layer, Road Classification Hierarchy (main roads within 30m of site), Great King St North is an Urban High Density Corridor road.

Enquire now to the exclusive agents for more information.
For Sale by way of a Deadline Sale closing at 4pm on Thursday 5 June 2025 at our Dunedin office (unless sold prior).