Blank canvas with scope to add value

Opportunities of this nature are increasingly rare in tightly held city locations, particularly when they offer genuine scope to add value at scale. This original two-storey, stand-alone property spans approximately 200m² and presents a true blank canvas ready for a full renovation, a key advantage for those looking to reimagine the space entirely and unlock its full potential.

The upper level currently comprises two bedrooms, a bathroom, separate toilet, kitchen, dining area, and a lounge. A sliding door opens to a small deck, providing an elevated outlook to the cityscape. Downstairs, a tandem garage is complemented by a substantial open area that offers outstanding flexibility. This level presents a clear opportunity for further development - whether as additional living space, a self-contained unit for home-and-income potential, or a dual-use configuration that enhances rental yield and long-term value.

The options here are compelling: renovate as one substantial city residence, create a home-and-income configuration, or develop a secure, low-maintenance lock-and-leave property in an exceptionally convenient location. Just a two-minute walk into the heart of the city, while the hospital is a short five-minute stroll away. A location that underpins strong tenant demand, owner-occupier appeal, and future resale confidence.

City renovation opportunities of this scale, position, and flexibility are seldom available. This is a strategic investment for those with vision, offering multiple pathways to unlock value in a location where demand continues to outperform supply.

Deadline Sale - Closing 12noon Wednesday 18th February 2026, at our Dunedin office (no prior offers).