24 Heriot Row, Central City, Dunedin

North Dunedin Dress Circle - Vacant Possession

This is an extraordinary real estate opportunity with options galore for a wide range of purchasers .

The property is being offered to the market with vacant possession.

Currently it has 14 generously sized rooms with three communal bathrooms and two kitchens. Most rooms have fridge/freezers and microwaves. Some rooms have small kitchen facilities.

The attractive central location just above the CBD and University allows this impressive building to take on numerous uses.

Uses for the property could include redevelopment into separate residential apartments, travellers accommodation (subject to DCC consent), a private residence perhaps with paying guests. The demand for inner city accommodation resulting from the construction projects including the hospital could be serviced through the current configuration of rooms and amenities.

Of course it could also be re-instated as student accommodation.

The vendors have owned 24 Heriot Row since 1994 and operated it as very successful student accommodation offering individual leases. Timing of this sale dovetails nicely with the high demand for accommodation that comes with the new academic year

This is a rare opportunity to secure a prized property in Dunedin North. Such is the buildings stature that it meets the all the criteria of for sensible redevelopment and investing. Premier location, sizeable and attractive building, easy care section, burgeoning demand for its accommodation capacity and especially that all important real estate requisite of pride of ownership.

Call us today to discuss this unique opportunity. Full Information Memorandum available.