Listed: Wed, 1 Apr

Premier George Street Investment

597 George Street, North Dunedin, Dunedin, Otago

Asking price $1,250,000

6+ Beds
6+ Baths
464m² Floor
597m² Land

Other Features

6+ Ensuites

Attribute	Value
Property type	House
Capital value (CV)	$1,440,000
Agency reference	4603823
Broadband in the area	Fibre, Satellite, Wireless

Exceptional George Street Opportunity with Proven Versatility

Strategic Land Holding: 597sqm of freehold land, fully fenced with four on-site parking spaces.
Substantial Character Build: Expansive two-storey residence covering over 464sqm.
High-Capacity Layout: Comprising 20 rooms, including seven ensuite options.
Consented Growth: Land use consent is in place for residential activity for 20 habitable rooms.
Safety & Compliance: Fully equipped with a modern security system, smoke alarms, and a comprehensive sprinkler system.
Prime Location: Just 400m to Dunedin's CBD and the University of Otago.

The Opportunity

Presenting a compelling opportunity to acquire both land and building in the sought-after Inner City Residential zone. Currently operating as a professionally managed boarding house (formerly the well-known "Kiwis Nest Backpackers"), the property's future is limited only by your imagination. Whether you choose to continue its current use, revert to a high-end hostel, or utilise the existing land use consent to transform the space into contemporary inner-city residential apartments, the bones of this character residence provide the perfect canvas.

Why Invest?

Investors seeking significant upside and versatility will recognise the rarity of a property this size in such a central location. This is an extraordinary chance to secure a charming, income-generating multi-unit investment in the heart of Dunedin.

Call today to schedule a private viewing and explore the full potential of this George Street gem!

Open home times

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Property Files

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Local Schools

IN ZONE st hildas collegiate
2 Cobden Street
520 m
Secondary (Year 7-13) (Intermediate & Secondary), State : Integrated, 465 enrolled
IN ZONE george street normal school
George Street
704 m
Contributing (Primary), State, 382 enrolled
IN ZONE columba college
399 Highgate
1.2 km
Composite (Year 1-13) (Primary, Intermediate & Secondary), State : Integrated, 593 enrolled

IN ZONE john mcglashan college
2 Pilkington Street
1.3 km
Secondary (Year 7-13) (Intermediate & Secondary), State : Integrated, 532 enrolled
IN ZONE trinity catholic college
340 Rattray Street
1.4 km
Secondary (Year 7-13) (Intermediate & Secondary), State : Integrated, 774 enrolled
IN ZONE otago girls' high school
41 Tennyson Street
1.5 km
Secondary (Year 9-13) (Secondary), State, 709 enrolled
IN ZONE logan park high school
76 Butts Road
1.6 km
Secondary (Year 9-13) (Secondary), State, 815 enrolled
IN ZONE dunedin north intermediate
North Road
1.6 km
Intermediate (Intermediate), State, 295 enrolled
IN ZONE liberton christian school
5 Hillary Street
1.9 km
Full Primary (Primary & Intermediate), State : Integrated, 124 enrolled
IN ZONE dunedin rudolf steiner school
1 Fern Road
4.5 km
Full Primary (Primary & Intermediate), State : Integrated, 85 enrolled
OUT OF ZONE maori hill school
Passmore Crescent
979 m
Contributing (Primary), State, 257 enrolled
UNZONED otago boys' high school
2 Arthur Street
1.2 km
Secondary (Year 9-13) (Secondary), State, 856 enrolled
OUT OF ZONE kaikorai school
22 Tyne Street
1.4 km
Contributing (Primary), State, 302 enrolled
OUT OF ZONE arthur street school
26 Arthur Street
1.4 km
Full Primary (Primary & Intermediate), State, 200 enrolled
UNZONED sacred heart school (dunedin)
63 North Road
1.5 km
Contributing (Primary), State : Integrated, 68 enrolled
UNZONED st joseph's cathedral school
43 Elm Row
1.6 km
Contributing (Primary), State : Integrated, 153 enrolled
OUT OF ZONE balmacewen intermediate
44 Chapman Street
1.6 km
Intermediate (Intermediate), State, 473 enrolled
UNZONED bayfield high school
Shore Street
3.7 km
Secondary (Year 9-13) (Secondary), State, 575 enrolled
UNZONED kaikorai valley college
Kaikorai Valley Road
3.8 km
Secondary (Year 7-13) (Intermediate & Secondary), State, 447 enrolled
UNZONED brockville school
Brockville Road
3.8 km
Full Primary (Primary & Intermediate), State, 117 enrolled
UNZONED carisbrook school
217 South Road
4 km
Full Primary (Primary & Intermediate), State, 338 enrolled
UNZONED kings high school (dunedin)
270 Bay View Road
4.4 km
Secondary (Year 9-13) (Secondary), State, 861 enrolled
UNZONED queen's high school
195 Surrey Street
4.6 km
Secondary (Year 9-13) (Secondary), State, 604 enrolled

While we've done our best to correctly list schools in this location, school zone information may not be exact, so please double check with the school.