6,378m2 Residential 2 - Such a rare opportunity.

What an incredible opportunity this stunningly beautiful piece of flat, residential 2, land offers for future development. Currently being run very successfully as the Leith Valley Holiday Park, and offering a range of motel units, studio units, cabins, a bunk room, managers quarters, tenting and caravan sites. This business is being well managed and would provide for outstanding holding income for a developer or company looking to house workers for Dunedin's many upcoming major building projects. A very easy commute to the hospital, university or CBD and with the residential 2 zoning there is potential for a housing development on the scale that Dunedin has not seen but desperately requires (this zoning can allow for a bedroom (habitable room) per 45m2 subject to the appropriate consents etc). There is so much to like about the current set up with a wide selection of accommodation options all set in a surrounding amphitheatre of bush and trees with the Leith Stream meandering around the edges and walking tracks just over the bridge that wind through the bush all the way up to Ross Creek. It is certainly no secret about the expected influx of out of town workers and specialists that will need to be in Dunedin for a number of years within the next year or so, and opportunities like this, to maximise a commercial benefit from that influx, do not come along very often. STRICTLY BY APPOINTMENT as this is a working holiday park and a busy going concern.

Additional Features

  • Bedrooms: 23 Bedrooms

  • Bathrooms: 16 Bathrooms

  • Chattels: Fixed floor coverings, Light fittings, Blinds, Curtains, Heat pump(s), All linen, cutlery and furniture associated with the Holiday Park operation, Washing Machines x3, Maytag Dryer, Industrial Dryer, BBQs x2, Pool Table, Table Tennis Table, Security System, Speed Queen Stacker Dryer/Washer

  • Local Authority: Dunedin City Council

  • OneRoof - New Build?: No

  • Disclose Sold Price: Undisclosed

Chris Maclean (Phone +64 27 227 2087)
Chris Maclean
Real Estate Marketing Consultant