147 Queen Street, North Dunedin

Description

Positioned on a substantial 908sqm (+/-) site in a highly sought-after location, this property presents an outstanding opportunity for investors, developers, and land-bankers alike. Zoned Inner City Residential, the site offers exciting potential to develop up to 20 bedrooms (subject to DCC consent), making it a rare find with both scale and flexibility.
Currently generating $660 per week through to the end of 2026, the existing three-bedroom flat provides reliable holding income while you plan your next move. Thoughtfully updated with new carpet, fresh paint, and partial double glazing, the home is well-presented and tenant-ready, ensuring ongoing appeal in a strong rental market.
The home itself is designed for comfortable, practical living. Positioned down from the street, the elevated deck offers privacy and a welcoming entrance. Inside, a spacious living area with a log burner creates a warm central hub, complemented by three bedrooms, a functional bathroom, an easy-flow kitchen, and a mixture of single and double glazing.
Opportunities of this scale, in locations like this, are increasingly hard to come by. Whether you’re developing, investing, or securing a strategic land holding, this is a property that delivers both immediate returns and long-term potential.

Public Download Link: https://www.ganeshrout.co.nz/current-listings/147-queen-street-north-dunedin-dunedin