3 Gourley Street, Saint Kilda, Dunedin, Otago

This is a rare trifecta of size, zoning, and readiness. Whether you are looking for a strategic landbank with a solid rental yield or a shovel-ready project in one of Dunedin’s most sought-after pockets, this property delivers.

The Development Edge

Nestled in a quiet, sun-drenched and tree lined street, this massive 1,553m2 section zoned Residential 2 is ready to go and the heavy lifting has already been done for you:

• Resource Consent Secured: Valid until 2030, offering long-term flexibility.
• Approved Plans Available: Consent is in place for 6 premium 2 bedroom units or draft your own plans up to 19 bedrooms.
• Strategic Location: Situated in popular St Kilda (at the Musselburgh end), where high-quality housing is in constant demand.

The Existing Home

While you finalize your vision, the property features a sizeable 160m2 family home that provides immediate comfort or steady holding income.

• Space for All: 4 generous double bedrooms.
• Smart Layout: The master bedroom includes a private toilet, while the family bathroom is designed for efficiency with a separate toilet and a separate shower.
• Indoor/Outdoor Flow: The living spaces transition seamlessly to a sun-soaked patio and a large carport for convenience.
• The Backyard: An established, private oasis that highlights the true scale of this impressive allotment.

Income & Security

Currently tenanted by reliable occupants who have expressed a keen interest in staying on, you can enjoy immediate cash flow from day one. This provides the perfect buffer while you organize your contractors and prepare to break ground.

Rarely do sections of this magnitude, paired with existing Resource Consent, become available in such a quiet and established residential street.