Strategically located development or 'add-value'

250 George Street represents a fantastic opportunity to purchase a prominent property with excellent development potential located in a central position within the 'Golden Block' of George Street, Dunedin's main retail strip.

The property sits proudly on George Street, in a high profile location surrounded by a number of well recognised businesses including Glassons, Hallensteins, Mecca, Mountain Warehouse, McDonalds, and the soon to be open JD Sports, and opposite to the Meridian, Golden Centre and Wall Street Malls.

The site benefits from rear access from Albion Lane, off Great King Street.

The Vendor's had planned to redevelop the building to include a ground floor retail of approximately 406m² and potentially apartments on the first floor. The basement was also planned to be redeveloped to include storage for the retail tenancy of approx. 83m2 plus underground carparking for up to 7 vehicles, with access from Albion Lane. The Vendor obtained resource consent for such plans (Dec-2020), which is available to view (along with other detailed documentation) upon request.

Property highlights:

• Freehold land area of 506m² (more or less)
• Holding income
• Prime location
• Freehold tenure
• 2GP Zoned Central Business District
• Rear access off Albion Lane

This freehold offering is offered for sale by Negotiation.

Contact the nominated broker for further details or to arrange a time to view.