144 Portobello Road, Vauxhall, Dunedin

Massive Development Potential in Golden Location

Vauxhall has long been lauded as our "Riviera of the South" and it has just become Dunedin's 3rd "Million dollar" suburb (ODT 17/01/2022) all with very good reason, as it sits majestically above the harbour with simply stunning views and fantastic sun, and what we have on offer here is a very unique opportunity to make the decision to secure your future! With the current property certainly in need of some deferred maintenance if to be retained but the real opportunity is with the, potentially 2 unit capable site (subject to the appropriate consents), of 1090sqm residential 1 land that it sits on!!, Surrounded by beautiful and prestigious homes this is a corporate box site over all that makes Dunedin so great! We are also nicely tucked just out of the way of the predominant harbour breeze, enjoying plenty of privacy by way of its bush clad site and there is also no risk of being built out which is reassuring to say the least! There is currently a 2 bedroom dwelling on site that lends itself to either a full renovation project or removal to make way for potentially 2 brand new homes (once again, subject to the relevant consents), too good to be true?? No! Here it is right now, ready and waiting, an extraordinary development or land-banking parcel of magnificence in one of Dunedin's premier locations.