Home and income with cream on the side

SOLD - This listing was sold in October 2019
Do you have a taste for retail in this picturesque location.

Due to unforeseen circumstances 217 Ravenbourne Road, Dunedin is offered for sale. Sale includes land, buildings and business which is a Ravensbourne Convenience Store. The dairy is currently run under management for an out of town owner, whose circumstances have changed and now both the buildings and the business must be sold.

On site there are two buildings occupying the frontage and corner site right across from the water. The first is a two storeyed structure, with a retail shop on the ground floor with residential living accommodation upstairs. The second is a single storey building attached to the shop at ground level which was improved in approx. 1988 to house a takeaway shop, which is no longer in operation.

Built around the 1890's the building includes a 3 bedroom apartment with access from the retail area below as well as behind.

Renovations to the apartment since purchased in 2016 include:-

* Replaced the shower, vanity and cabinet, heating extractor fan and lighting in the bathroom
* Replaced flooring and wall linings
* New oven
* Carpet stairway, hallway, lounge and bedrooms
* Paint fa├žade of the building
* Replace downstairs hot water cylinder
* 2 heat pumps 2017 upstairs

Zoned as residential, but with existing use rights, continue to be used as it is, residential or maybe utilise land behind if possible.

* Land 569 m2 more or less
* Building 339.8 m2 more or less
* Land, Building & Business $358,000 + SAV, to be sold as a going concern.
* Stock value approximately $9,000 + GST.

Viewing by appointment only.
Accounts available on request and the signing of confidentiality agreement.
2016 Valuation Telfer Young available on request.

Please be aware that this information has been supplied by the vendor and/or sourced from: Property Guru, Property Smarts, Land Information NZ, Local Councils, ECAN, CERA and other organisations. Four Seasons Realty 2017 Ltd is merely passing over this information as supplied to us. We cannot guarantee its accuracy or reliability.

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Main Property Features

Listing Number: HR5238

Land Size:
569 sqm
Property Type:
Land, Other (Building & Business), Retail
Approx Floor Area
  • Retail Square Metres: 339
Fee Simple
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Licensed REAA 2008

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Harcourts Hornby

Four Seasons Realty 2017 Ltd

Licensed REAA 2008

395 Main South Road
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