Development Land Opportunity

See Full Details: http://www.chineserealestate.co.nz/Listing/Sell/2662.html

ID: 2662 Kenmure, Dunedin

Located in the heart of Kaikorai Valley surrounded by a vibrant mix of showrooms, commercial complexes & residential dwellings. The section formerly housed Kenmure Intermediate School & is largely rectangular in shape with the south eastern boundary bounded by the Kaikorai Stream. Overall contour of the land is level, although can be subdivided into three basic terraces. The land is sheltered and private set well back from the road with access across a concrete bridge from Kaikorai Valley Road and the western boundary is bordered by a tree plantation on adjacent hillside. The property still comprises of 15 steel frame structured blocks built in the 1970s currently leased as studios, commercial and residential accommodation on short term leases. Each block is linked by way of covered walkways and heating throughout is by a central coal fired boiler heating radiators to each individual unit. Current building areas total 2,930m². A rare opportunity!