1 York Place, Dunedin Central, Dunedin City

One York Place

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1 York Place, Dunedin Central, Dunedin City

One York Place

Commercial Sale

$1,150,000

+ GST if any

About

Character features abound at 1 York Place, Central Dunedin offering a rare mix of ‘commercial meets studio/potential residential’ in this stand-alone building with a rear courtyard and parking on a single freehold title of 506m2 (more or less). Built circa 1920s as ‘York Place Hall’ it has been home to Mild Red. (fashion workroom and boutique retail) for over twenty years. This is a rare opportunity for new owners to step in and further develop this site to suit their needs – own/occupy/develop or lease.

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The property was originally built as a church hall and is primarily a single-story brick building, with high vaulted timber framed ceilings above the work rooms, altered in 1986 to create a two-storey office frontage and in 2006 a single-story lean to at the rear which has undergone strengthening works – with facilities including a bathroom and small kitchenette and a stunning outdoor courtyard area – with independent access from York Place via a pathway. The front of the building consists of offices on entry with a walk-through area into the workrooms – with a bathroom facility/kitchen and stairway to an office area upstairs and outdoor balcony. The property also offers off street parking for at least four carparks at the front of the premises.

Character features typical of a building of this era include exposed brickwork, polished wooden floors, a large vaulted wooden framed ceiling, character wooden window and door frames, coloured glass windows as well as modern features including skylights in the rear of the premises, gas hot water and gas fire in the boutique.

Offering a number of options for a potential purchaser – subject to consents it could be a residential apartment at the rear of the property for a discerning buyer looking for a centrally located position with a point of difference, with offices/retail in the front of the property, or a property with a short stay component/commercial offices at the front or a stand-alone commercial property developed to suit an owner occupier or tenant’s needs – there are a lot of options here, subject to local authority consents.

The zoning for this property under the 2nd Generation District Plan is Section 18, Commercial and Mixed Use, Central Business District. Any prospective purchaser should seek their own advice on their intended development/ occupation of the premises. The Vendor is registered for GST – therefore any sale will be plus GST (if any). The property is being sold with vacant possession. Viewing is strictly by appointment only.

For a full information memorandum please contact Merrin Bath Ph 0272020903 merrin@edinburgh.co.nz

property details +

Web iD: COMMB1508
Approximate land area: 506m2
Approximate floor area: 230m2

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Agent

Merrin Bath

Merrin Bath

Commercial Consultant

Mobile: 027 202 0903
Direct dial: 03 470 2549