490 & 491 Portobello Road, Macandrew Bay, Dunedin, Otago

A truly rare harbourside offering — two titles combining to create 809m² of prime waterfront potential in the heart of this beloved Bay-side community. Positioned directly across from the beach, this property offers a lifestyle that’s as relaxed as it is rewarding. Whether you’re looking to bowl and build, develop a new business venture, or repurpose the existing “Artifolk” and former Pharmacy buildings, the options here are as open as the harbour views. With its unique “Neighbourhood Centre” zoning, this site offers the exciting possibility of mixed residential and commercial use, perfectly suited for those wanting to live and work by the water.. plus a bunch of other possibilities. Everything you need is right at your doorstep — the café’, yacht club, local park, bus stop, shops, and primary school are all within moments. Step out the back to find footbridges crossing a creek, leading to your own quiet patch of bush. Or take a daily stroll along the Harbourside walkway or the Greenacres Track — both just minutes away. Opportunities like this in Macandrew Bay are few and far between. Whether you’re an investor, developer, or creative visionary, this property is bursting with potential. (prior offers considered) Early inspection is highly recommended — harbourside gems like this are rare!