Elegant investment in North Dunedin
Elegant investment in North Dunedin
50 Dundas Street, North Dunedin
50 Dundas Street, North Dunedin
Private Treaty
Private Treaty
Listing ID 4600863
Features
-
642sqm
floor area
Details
For Sale by Deadline Private Treaty Wednesday, 24 February (will not be sold prior)
| Desirable location | Opposite left North Ground in heart of University precinct. |
| Future development | Opportunity to convert ground floor of Sunday School into six bedroom residential apartment. |
| Heritage building | Category II HPT classification. Pride of ownership in spades here. |
| Three income streams | Two commercial (restaurant and club rooms) tenants and a six bedroom residential apartment. |
Description
Elegant investment in North Dunedin
50 Dundas Street is a notable property in the popular investment precinct of North Dunedin. Situated in the heart of the University campus area the building has presence, stature and pride of ownership appeal. It is immediately adjacent to the leafy North Ground and in sight of the clock tower. The building has a Category II classification from the Historic Places Trust.
The property has multiple income streams including a restaurant (Kebab House), clubrooms (New Edinburgh Folk Club) and a residential flat accommodating students.
Gross income $93,340 plus gst.
There is an option to redevelop the ground floor of the Sunday School building into a six bedroom apartment.
Contact sole agent today for Information Memorandum about this desirable property.
Robin Hyndman
Dunedin - Highgate
Licensed under the REA Act 2008
| Mobile: +64 27 488 8450 |
| Office: +64 3 467 7142 |
| robin.hyndman@bayleys.co.nz |
Features
-
642sqm
floor area
Details
For Sale by Deadline Private Treaty Wednesday, 24 February (will not be sold prior)
| Desirable location | Opposite left North Ground in heart of University precinct. |
| Future development | Opportunity to convert ground floor of Sunday School into six bedroom residential apartment. |
| Heritage building | Category II HPT classification. Pride of ownership in spades here. |
| Three income streams | Two commercial (restaurant and club rooms) tenants and a six bedroom residential apartment. |
50 Dundas Street, North Dunedin
Open in map
Robin Hyndman
Dunedin - Highgate
Licensed under the REA Act 2008
| Mobile: +64 27 488 8450 |
| Office: +64 3 467 7142 |
| robin.hyndman@bayleys.co.nz |
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