295 Rattray Street, Dunedin Central, Dunedin City

Outstanding development opportunity!

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OSP

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15
OSP

295 Rattray Street, Dunedin Central, Dunedin City

Outstanding development opportunity!

Investment property For Sale

Deadline Sale

Closing 12noon Tuesday 6th October 2020, at our Dunedin office (no prior offers)

About

A rare opportunity to purchase a freehold 15 room boutique hotel, car parks and a stand-alone 2-bedroom house over four titles, centrally located within 6-minute walk to the CBD, overlooking Dunedin with spectacular views of the city and down the harbour. Formally the Christian Brothers residence, The Brothers Boutique Hotel is an imposing property built in 1920, with many of its original features retained.

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Refurbished in 2005, transformation from residence to hotel, now structurally sound and earthquake strengthened to the standards required in 2004, the accommodation comprises 15 bedrooms all of which have modern ensuites and central heating. There are seven tiers of room options, all of which are quaint and charming, and many come with balcony access and stunning views. There is also a dining room, which can be used for small conferences and board meetings, and a charming guest lounge, which has expansive views of St Joseph’s Cathedral across the street.

Plans for the new hospital build will not only be the largest building project in Dunedin, but also New Zealand’s biggest public construction in recent times. It is estimated to take up to 10 years to complete, so there are real tangible prospects for the city providing you with the option to rent out rooms on residential tenancies.

Included in the sale is the stand-alone hotel building and an adjacent 15 space carpark. Also available is 301 Rattray Street, a recently refurbished 2-bedroom townhouse next door, currently used as the owner’s residence, but could extend earnings by being a rental.

Across four separate titles, this is a lot of real estate right in the City Centre, with a rare opportunity to change the buildings current use from a hotel to residential accommodation along with future development potential.

Please note: We are selling the buildings and land, not the hotel business.

Contact us for a full information pack including LIM reports.

property details +

Web iD: DO10722

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Agents

Clayton Sievwright

Clayton Sievwright

Property Consultant

Mobile: 021 191 5555
Direct dial: 03 4702517

Lane Sievwright

Lane Sievwright

Property Consultant

Mobile: 021 526 366
Direct dial: 03 470 2516
After hours: 021 526 366

Aimee Marsh

Aimee Marsh

Property Consultant

Mobile: 027 209 3440
Direct dial: 03 470 2520