Description
This is an opportunity to purchase a freehold going concern holiday park located in walking distance to the university, polytechnic and an easy commute to the new Hospital Build. Zoning is Residential 2, which makes this 6378m2 freehold land (approx.) suited for future Residential Development.
The property is currently being run very successfully as a Holiday Park, and offers a range of motel units, studio units, cabins, a bunk room, tenting and caravan sites along with managers quarters. This business would provide good holding income for a developer or company looking to accommodate workers for Dunedin's many upcoming major building projects, including the new hospital build.
With the Residential 2 Zoning, there is potential for a large housing development. The zoning allows for a one bedroom (habitable room) per 45m2 subject to the appropriate consents etc. This property in its current form offers a great selection of accommodation options, on flat land, set in idyllic bush surroundings with the Leith Stream on the edge and walking tracks via the bridge that meanders through the bush all the way up to Ross Creek Reservoir.
The city is expecting a large influx of our out-of-town workers and professionals who will need to be in Dunedin for several years. These trades and professionals will start arriving over the next year and keep arriving for the next few years, giving a fantastic opportunity for a developer to maximise a commercial benefit.
