149 South Road, Caversham, Dunedin, Otago

The Carisbrook Hotel located on the corner of South Road and Law Street, Caversham has been on this site since for well over a century and the current owner has given clear instruction to sell the property. This prime corner site comprises of 945m2 Freehold Title, has Residential 2 Zoning that allows for medium destiny development. The site ranges from 8m to 10m above sea level which should give confidence for the future. The Hotel has had a checked recent past, vacant for some time, it could operate again as a pub as most of the necessary basics to trade are still in place. Or for any other commercial use that is allowed by council. Upstairs, which is in poor condition, there are nine old style pub bedrooms, toilet and bathroom facilities, large north facing lounge with basic kitchen facilities

• Vacant possession
• Freehold 945m2 section
• Building floor area 470m2 (approximately) over two levels
• Prime corner location
• Site is 8m to 10m above sea level
• Building seismic Grade is E with NBS 18% -20% range. Earthquake prone.
• The roof has been replaced in recent year's, but we have no record of dates

Are you a residential property developer, community group, commercial property developer, hotelier, or any other group or individual.

For further information please contact Jim Packer 0274 500 498 @ NAI Harcourts Dunedin.