396 Princes Street

Dunedin Central Otago

Apartment

Currently for sale - view listing

Overview

Where Heritage Lives On — 4 Unique Opportunities

Step into a fully restored icon and secure an investment that blends heritage, quality, and reliable income. The Empire Hotel Apartment Building is a Category 1 Historic Place, meticulously transformed into a collection of four high-end apartments across three levels. With comprehensive renovations completed, including full earthquake strengthening, this is a turnkey property with nothing left to do. Each apartment is fully furnished and thoughtfully styled, featuring quality fit-outs, modern comforts, and character details that honour the building’s rich past. Now tenanted, the property provides immediate, stable rental income from day one, offering consistency and peace of mind for investors. Located just 750 metres from Dunedin’s Octagon, this premium address places you within easy reach of the city’s cultural, dining, and commercial hub, ensuring ongoing tenant appeal. With flexible options, whether you retain it as a multi-unit rental investment, explore future configuration changes, or consider owner-occupier potential with supplementary income, The Empire represents a rare blend of history and performance. This is a one-of-a-kind investment opportunity in the heart of Dunedin, with all the hard work already done and income already in place. A proven asset in a tightly held location. Unit 1 – Offers Over $459,000 Unit 2 – Offers Over $619,000 Unit 3 – Offers Over $675,000 Unit 4 – Offers Over $719,000