257 High Street, Dunedin Central, Dunedin City

257 High Street, Dunedin Central, Dunedin City, Otago
Act fast – RV $1.08M, offers over $849K

Welcome to 257 High Street, a multi-level property primed for development or investment in the bustling heart of Dunedin Central. Offering 15 bedrooms on a 1012sqm site, this expansive building offers significant potential for investors, whether your focus is residential, student accommodation, or a commercial venture.

Upon entry, a spacious living area greets you—perfect for communal spaces or shared living. The property’s main level features three generously sized bedrooms. Bedroom Three, in particular, stands out with dual heating options (a heat pump and wall-mounted econo heater), ensuring comfort throughout the year. Bedrooms One and Two, though long and narrow, are equipped with scope fan heaters, with Bedroom One enjoying large street-facing windows that flood the room with natural light.

The updated kitchen is bright and spacious, offering ample bench space—ideal for residential or communal use. A short hallway leads to a separate toilet and basin, opening into a large dining room at the rear of the property, offering flexibility as a communal dining space or for other configurations.

Downstairs, there are three additional bedrooms and two flexible storage rooms, which offer potential for further development or reconfiguration. The lower floor also includes a large bathroom with laundry facilities, a wet-floor shower, and two additional toilets, providing convenience for larger-scale living arrangements.

The second floor provides substantial investment potential, featuring eight additional bedrooms and two modern bathrooms. Each bedroom is equipped with scope fan heaters, and the variation in size offers flexibility for individual or shared accommodation.

With its central location, ample space for redevelopment, and versatile layout, 257 High Street presents a compelling investment opportunity. Whether you’re looking to maximise rental returns or repurpose the space for a new venture, this property is a rare find in a high-demand area.

Seize this opportunity to invest in Dunedin Central and unlock the full potential of 257 High Street!