Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search


Rare development opportunity available in Dunedin


Rare development opportunity available in Dunedin

27 February 2008 – A rare parcel of Dunedin land with significant ‘greenfields’ development potential is now for sale by tender, with a wide range of buyer enquiry expected.

Being marketed by Robin Greer of Harcourts Dunedin, the 1.3 hectare property in Mornington, five minutes from Dunedin’s CBD, currently features three large buildings (including an original 1850s homestead) which are now all vacant but for 80 years housed the Montecillo Veterans Rest Home.

Mr Greer says the large, centrally located property at 79 Eglinton Road has potential for many future uses and is expected to attracted good interest. “It’s property offering a private park like setting on the town’s greenbelt and wonderful views of Dunedin City and the Otago coastline, plus significant potential for a greenfields development,” he says.

“The current owner already has concept plans for a residential development of 26 units, a retirement village could be one future use, the property could be turned into a large private estate or the current buildings could be used for a wide range of options. Alternatively, depending on resource consents, other large commercial or residential developments could be completed, or perhaps even a subdivision undertaken.

“Given the range of potential uses and the location we’re expecting interest locally and from further afield,”Mr Greer says.

The three main buildings on the site include ‘The Homestead’, which formerly housed the Montecillo Veterans Rest Home hospital, kitchen, dining room and occupants’ rooms; ‘The Rest Home Wing’ with around 30 rooms, plus a lounge and conservatory; and ‘The Recreation Hall’ which was formerly used for ceremonial purposes and activities. The exteriors of these buildings are in excellent condition and the kitchen and some bathrooms were upgraded a few years ago.

79 Eglinton Road is for sale by tender, with a deadline of 4pm on Wednesday 19 March. The adjoining property at 78 Eglinton Road is also available for purchase as part of the tender if desired. That property contains a three-bedroom house formerly occupied by the manager of the rest home. For more information visit and enter ID # DU80206.


© Scoop Media

Business Headlines | Sci-Tech Headlines


Back Again: Government Approves TPP11 Mandate

Trade Minister Todd McClay says New Zealand will be pushing for the minimal number of changes possible to the original TPP agreement, something that the remaining TPP11 countries have agreed on. More>>


By May 2018: Wider, Earlier Microbead Ban

The sale and manufacture of wash-off products containing plastic microbeads will be banned in New Zealand earlier than previously expected, Associate Environment Minister Scott Simpson announced today. More>>


Snail-ier Mail: NZ Post To Ditch FastPost

New Zealand Post customers will see a change to how they can send priority mail from 1 January 2018. The FastPost service will no longer be available from this date. More>>


Property Institute: English Backs Of Debt To Income Plan

Property Institute of New Zealand Chief Executive Ashley Church is applauding today’s decision, by Prime Minister Bill English, to take Debt-to-income ratios off the table as a tool available to the Reserve Bank. More>>


Divesting: NZ Super Fund Shifts Passive Equities To Low-Carbon

The NZ$35 billion NZ Super Fund’s NZ$14 billion global passive equity portfolio, 40% of the overall Fund, is now low-carbon, the Guardians of New Zealand Superannuation announced today. More>>