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This former theatre could be yours, just prepare to pay $3.8m to do it up
Details released for the sale of a former theatre in Dunedin, which requires an estimated $3.8m renovation to fix up.
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Dunedin's former Fortune Theatre, a Category 1 Historic Place, is for sale. The Dunedin City Council is seeking proposals from buyers who will respect and preserve the building's historic nature.
A recent report estimates $3.8 million is required for extensive renovations to make the property tenantable, including significant roof and flooring work. The building currently costs ratepayers $122,000 annually in maintenance.
Interested parties must submit their proposals by August 17 to bring the iconic property back to life.
The Fortune Theatre moved into Dunedin's Trinity Methodist Church in 1978. Photo: Hamish McNeilly
The former Fortune Theatre, on the corner of Stuart St and Moray Pl, Dunedin. Photo: Hamish McNeilly
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