146 Frederick Street, North Dunedin, Dunedin, Otago

Sites: 146 Frederick Street and 3, 5, 7, 9 Vire Street, Dunedin.

Perfectly positioned in a highly sought-after location, this exceptional property offers an outstanding opportunity for developers, investors, or land bankers seeking a substantial site with multiple income streams and long-term potential.

Spread across five freehold titles and encompassing a combined land area of 1,062m2 (+/-), the property offers flexibility for future redevelopment - whether residential, mixed-use, or commercial (subject to DCC consent).

Currently, the site generates a strong combined income from three separate tenancies:

• Residential investment: A well-presented three-bedroom student property rented at $420 per week for 2026.
• Car parking income: Seven on-site car parks providing an additional $245 (7 x $35) per week on a casual basis.
• Commercial lease: The front buildings are leased to a local business with a total rental income of $68,400 + GST per annum.

The commercial premises include a mix of offices, warehouse, and factory space, offering functional layouts suitable for various business operations. The current tenant is on a 1+1+1 lease agreement, providing stable holding income while future development plans are explored.

Opportunities of this scale and flexibility are rarely available in such a strategic, central location. Whether you're looking to hold for income, redevelop, or reposition the asset over time, this property ticks all the boxes for a forward-thinking investor or developer.

Excellent location - close to key amenities, transport links, and the University.

This is a rare opportunity to secure a versatile site with proven income and significant future upside.

Contact us today for an information pack or to arrange a private viewing.