Expressions of Interest to be received by 4pm, Tuesday 6 October 2026 at our offices Edinburgh Realty, 578 George Street, Dunedin.
96 Anzac Avenue, Central Dunedin, is a substantial commercial building located on the edge of Dunedin's CBD, adjacent to the Hocken Library precinct. The subject property is owned and currently occupied by the University of Otago for storage purposes and is being offered for sale as surplus to requirements.
The premises are made up of three sections of buildings - fronting Anzac Avenue with the original development circa 1947-48 (art deco style) of a large two storey office building with warehousing, a large open plan manufacturing area to the rear, and a much larger purpose-built gymnasium circa 1980s when the site was transformed into the Unipol Recreation Centre. The centre provided sporting facilities for over two decades, to both the Otago Polytechnic and the University of Otago and was instrumental in developing known sporting personalities, but also the concept of a 'drop in' recreation philosophy by Bill Turnball. The buildings have been assessed with detailed seismic assessments commissioned by the vendor - University of Otago and are available on request.
The premises sit on a 3,049m2 on a leasehold title on an existing ground lease with a current lease term of 21 years, from 1 January 2008, with a renewal due 31 December 2028 on seven-year rent review cycles.
Situated in central Dunedin close to Dunedin's CBD and University Campus and Otago Polytechnic facilities between the city centre and harbour side industrial area - offering easy access to the north and south entry and exit points. This area in central Dunedin offers several commercial and industrial zoned sites, located near the city centre, campus and harbourside industrials.
A number of businesses are located in this area including Mobil Anzac Avenue - fuel station, R&D European - European vehicle servicing, Emerson's Brewery - brewery and restaurant, Battery Zone Dunedin - automotive batteries, Otago Rugby Football Union and Forsyth Barr Stadium - major sporting and event facilities, upcoming medical and health related entities and significant student accommodation developments. The surrounding area is predominantly a mixed commercial and institutional zone with office, retail, hospitality, health services, and light commercial businesses. Anzac Avenue itself is designated as a commercial centre corridor intended to support active business frontages and pedestrian activity. The premises are being sold 'as is where is' and viewing is recommended (by appointment only).
Key Features:
- Large scale leasehold commercial site on one title of 3,049m2 (more or less)
- Character premises, with heritage attributes designed by prominent architect Henry McDowell Smith
- Multiple uses - offices, warehousing and purpose-built gym facility
- Onsite parking at rear of premises
- Campus Zoning, under the 2GP,Section 34
- Ability to add value, adaptive reuse, redevelop
- Offered on an 'as is, where is' basis
For those seeking a substantial commercial property in a strategic central Dunedin location, 96 Anzac Avenue offers a rare combination of scale, history, location and future potential.
Contact us for a full information memorandum and to arrange a viewing (by appointment only).
