1 Phillips Street, Kensington, Dunedin, Otago

This isn't just a property - it's a project, a passion, and a profitable path forward for the right buyer. Set on a generous 627sqm section, this partially restored heritage residence has already been stripped back to its bones - ready and waiting for someone with vision to complete a stunning transformation into up to five residential units.

Whether you're a heritage enthusiast wanting to bring a grand old lady back to life, or a savvy developer eyeing a high-return build, this is your chance to secure one of the few remaining sites of this kind so close to the city. Add a purchase of land on the adjoining site which is listed separately with me at 3 Phillips Street and you'll have more land to achieve your vision. Enquire further about other land nearby that has listed quietly with me to entertain further interest.

Look closely and you'll see beautiful timber flooring and a stunning architectural design that reflects its rich history. Enjoy a northerly aspect that bathes the home in natural light, complemented by wonderful city and sea views. The property is elevated above the street, providing a sense of privacy and space.

The building was damaged by a fire next door before the refurbishment of this grand beauty could be realised. With the fire damage repaired, the property is now on its way towards completing the owners vision but needs your help! Make this home liveable again, or implement the approved building consent (ABA-2025-74) and resource consent (LUC-2024-388) for a multi-unit residential use of the existing residential building. Five units have been consented with three units at ground level and two on the upper level. Subdivision consent would be required for these units to be owned separately.

Alternatively, for developers, the opportunity here is just as compelling: explore the potential to demolish and redevelop the land for modern townhouses (subject to resource consent), capitalising on its elevated position, all-day sun, and views across the city and beyond. Just a short commute to the CBD, this location ticks every box.

Opportunities like this don't come around often - so act quickly. Get in touch today to explore the potential and walk through this unique offering.

Key Site Features:

• Prime city-fringe location
• North-facing for maximum sun
• Elevated with panoramic views
• Close to public transport, cafes, schools, and amenities

Opportunities like this don't come around often - so act quickly. Get in touch today to explore the potential and walk through this unique offering. This stunning property is available for sale by Tender, with submissions closing on July 17, 2025. Don't miss your chance to own a piece of Kensington's history or to secure a strategic site to realise the development potential!

For more information or to schedule a viewing, please contact me today.