The perfect renovator with a business plan is wanted for a landmark project a street away from The Octagon in Dunedin.
The 610 sq m Victorian building, one of a cluster on the recently renovated Jetty Street laneway - think Melbourne-meets-old Dunedin wool store- is still semi-constructed so there are unfinished areas in the interior still requiring TLC.
The owner is looking for the right candidate, calling for expression of interest submissions from someone with knowledge, experience and resources to complete the project.
The underlying freehold owner is selling the leasehold title for the Victorian building with a fresh red exterior, which includes the building and not the underlying land.
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33 Jetty Street property is being sold as a leasehold title.
Colliers agents marketing the property Matt Morton and Andy Connelly say investors should have no doubt that central Jetty St location will deliver.
“The recently altered Jetty Street walkway now boasts a chic inner-city cafe style, with this building directly on its doorstep,” the agents say.
Current resource consent allows to turn 12 rooms into residential or commercial units. The property is on leasehold land with ground rents of $11,850 locked in to 2037.
This Dunedin Central property has five metre studs on both floors connected by a classic wooden staircase. It has a smart design with a theatrical feel to it, which can be enhanced by a quality makeover.
Interested buyers should specify their intentions and renovation plans before December 10, agents say.
Being in the heart of Dunedin city the area has a variety shops, top eateries and bars.
Check out the listing below:
