295 Rattray Street, Dunedin Central, Dunedin City

Accommodation/Venue Opportunity

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15
OSP

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15
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295 Rattray Street, Dunedin Central, Dunedin City

Accommodation/Venue Opportunity

Residential Investments For Sale

By Negotiation

About

The Vendor is offering an attractive finance option, allowing a portion of the purchase price to be directly financed by them. Additionally, a separate portion of the payment can be structured for delayed settlement, providing the purchaser with an opportunity to acquire this iconic building on highly favourable terms. This flexible arrangement offers significant advantages for buyers looking to secure this property with tailored financing solutions.

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With stunning views over the Central City and harbour, this character residence will command your attention. This is a rare opportunity to purchase a freehold 15 room boutique hotel (bed and breakfast), with attached car parking, centrally located within 6-minute walk to the CBD. Formally the Christian Brothers residence, The Brothers Boutique Hotel is an imposing property built in 1920, with many of its original features retained.

Refurbished in 2005 to 70% NBS, with a transformation from residence to hotel and earthquake strengthened, the accommodation comprises 15 bedrooms with modern ensuites and central heating.

With a number of development projects in the city, this site offers new owners or an entity the opportunity to accommodate a work force, develop the accommodation further, lease to an executive company, or further develop the property on the carparking area. Included in the sale is the stand-alone hotel building and an adjacent 15 space carpark.

Across three separate titles, this is a lot of real estate right in the City Centre, with plenty of options around the future intended use of this site, The premises have been leased on a commercial basis for the past three years to a construction entity. Can be purchased or leased fully furnished. Expressions of interest are welcomed from any commercial entities seeking an accommodation lease option.

295 Rattray Street, freehold title of 933m2 (more or less)
295A Rattray Street, freehold title of 9m2 (more or less)
10 Bishops Road, freehold title of 454m2 (more or less)

A combined area of 1,396m2 (more or less)
Vendors are registered for GST, therefore the sale will be plus GST (if any).
Please note: We are selling land and buildings, not the hotel business.
For further information please contact us for a full information memorandum.

property details +

Web iD: DO11895
Approximate land area: 1396m2
Approximate floor area: 580m2

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Agents

Clayton Sievwright

Clayton Sievwright

Property Consultant

Mobile: 021 191 5555
Direct dial: 03 4702517

Aimee Marsh

Aimee Marsh

Property Consultant

Mobile: 027 209 3440
Direct dial: 03 470 2520

Lane Sievwright

Lane Sievwright

Property Consultant

Mobile: 021 526 366
Direct dial: