PRIME OPPORTUNITY - MUST BE SOLD
PRIME OPPORTUNITY - MUST BE SOLD
Large flat land area ideally positioned for commercial and/or multi-unit residential development.
The Roman Catholic Diocese of Dunedin invites offers for the former St Patricks School site.
Total land area 7,724m², on 7 freehold titles, Zoned Residential 2
(Land Use Community Services: Educational).
Situated next to the South Dunedin Community Policing Centre and well positioned to shops and services.
Dual street frontages to both Macandrew Road and Melbourne Street (main vehicle entrance and carpark off Macandrew Road).
Improvements include the two storey, 1190m2 administration/classroom block that is currently leased for school activities for 2 years commencing 23 March 2012 with 4 rights of renewal, annual rent $30,000 plus GST, rent review each renewal date, plus outgoings.
Clear instructions to sell with all offers presented to the Bishop of the Dunedin Diocese.
Land Value $950,000 (DCC Rating Valuation).
This presents a prime opportunity for the astute investor as demand for flat land residential units close to services is forecast to steadily increase in future.
Call Lawrence for any further information.
The Vendor reserves the right to sell the property at any time.