Discover an exceptional freehold opportunity at 21 Bath Street, perfectly positioned in the heart of Dunedin's vibrant hospitality precinct. Located next door to the popular Swan Café, Bar and Eatery and situated just off Lower Stuart Street and George Street, this property sits amongst many of Dunedin's favourite destinations.
This strategically located property offers outstanding redevelopment potential with ground floor retail or hospitality possibilities. The Central Business District zoning under Commercial and Mixed-Use categories provides maximum flexibility for various commercial applications.
While the property features a low seismic rating, this creates a rare opportunity for affordable real estate in this prime CBD location. The combination of established hospitality neighbours, excellent street frontage, and flexible zoning presents multiple value-creation pathways.
Property Details:
• Land Area: 183sqm more or less
• Floor Area: 272sqm more or less
• Tenure: Freehold
• Zoning: CBD - Commercial and Mixed-Use (DCC 2GP)
Valuation (1.7.22):
• Capital Value: $480,000
• Land Value: $270,000
• Improvement Value: $210,000
Perfect for entrepreneurs, property developers, or investors seeking to unlock potential in one of Dunedin's most desirable commercial precincts. This sale presents a fantastic opportunity to enhance and realise this property's considerable potential.
For more information, please contact us today!