Large Land Development on Campus Fringe

22 Lachlan Avenue, Dunedin

Investment / Land/Development Site / Residential For Sale

For Sale

Sale Price: $525,000.

Description

Located on the fringe of the Campus, this property would suit developers looking to secure land near the university campus area.

The land on offer has been through extensive investigations by the Owners who have developed a set of plans to construct three 7-bedroom, 7-ensuite dwellings for the purpose of renting into the student or professional tenant market on a room by room basis. Submissions for unit titles on this basis have been presented and titles are almost issued. Please note, the existing dwelling does not form part of this sale and will be issued as separate titles.

A new owner may continue with the current plan or re-design the plan to suit, with the option of more dwellings of smaller sizes each (subject to the necessary consents and permissions).

A full Information Memorandum and additional property documentation is available to download from our Data Room accessed through the "DATAROOM" button above (on desktop version only, not mobile).

Viewings are by appointment only with the Broker.

Other investment options at www.colliers.co.nz/student-investment

Features

  • For Sale - $525,000
  • Land development site
  • Proposed building designs available

Map

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