Central City
56 Cargill Street, Central City, Dunedin
+27
Inner-city development opportunity
Seize this rare chance to secure a blue-chip development site in one of Dunedin's most tightly held inner-city locations.
High-density zoning - allowing for 1 bedroom per 45sqm of land (council consents required)
Generous 678sqm (approx.) section
Premium location - just a five minute walk to the city centre
City skyline views
Currently rented for $600 per week until early 2026, with the tenants happy to stay on longer.
The existing two-storey home provides solid holding income from a student tenancy while you plan your development or major renovation. With zoning and land size working in your favour, the potential to add significant value here is outstanding.
Vendor motivation is high - this property is to be sold on auction day. Opportunities to secure a site and zoning, in such a prime inner-city location, are seldom available.
Don't miss your chance to secure 56 Cargill Street - the perfect mix of location and long-term potential.
Rob Bevin
Otago Realty Group Ltd, Bayleys,
Licensed under the REA Act 2008
Marika Bevin-Jukes
Otago Realty Group Ltd, Bayleys,
Licensed under the REA Act 2008
Viewing details
Sep
Features
Local amenities
A short five minute walk to the city centre.
Investment
A sensible land bank with this blue chip location.
Zoning
High density zoning allows for one bedroom per forty five square metres of land. A great opportunity to build new townhouses.
Potential
This site has so much potential for a full renovation or a developer to make their mark.
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Property files
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