Opportunities of this nature are increasingly rare in tightly held city locations, particularly when they offer genuine scope to add value at scale. This original two-storey, stand-alone property spans approximately 200m2 and presents a true blank canvas ready for a full renovation, a key advantage for those looking to reimagine the space entirely and unlock its full potential.

The upper level currently comprises two bedrooms, a bathroom, separate toilet, kitchen, dining area, and a lounge. A sliding door opens to a small deck, providing an elevated outlook to the cityscape. Downstairs, a tandem garage is complemented by a substantial open area that offers outstanding flexibility. This level presents a clear opportunity for further development - whether as additional living space, a self-contained unit for home-and-income potential, or a dual-use configuration that enhances rental yield and long-term value.

The options here are compelling: renovate as one substantial city residence, create a home-and-income configuration, or develop a secure, low-maintenance lock-and-leave property in an exceptionally convenient location. Just a two-minute walk into the heart of the city, while the hospital is a short five-minute stroll away. A location that underpins strong tenant demand, owner-occupier appeal, and future resale confidence.

City renovation opportunities of this scale, position, and flexibility are seldom available. This is a strategic investment for those with vision, offering multiple pathways to unlock value in a location where demand continues to outperform supply.

Deadline Sale - Closing 12noon Wednesday 18th February 2026, at our Dunedin office (no prior offers).