4/70 McGrath Road

Karitane Otago

18529 m²

Other

Currently for sale - view listing

Overview

Karitane Five-Acre Investment

Negotiable Over $799,000 Set in a peaceful, sunny setting, this unique five-acre (approx.) property offers space, privacy, and exceptional potential. Set well back from the highway and close to Karitane, the property enjoys a tranquil rural feel while remaining within easy reach of Dunedin. Surrounded by established trees that attract birdlife, the grounds are spacious and appealing, with a paddock suitable for sheep or a horse, a tennis court, and multiple parking options across the property. Built in the 1960s, the substantial complex spans approximately 2,070 m² of floor area and comprises multiple dwellings. Two of the flats have already been refurbished, while other areas of the building offer scope for further renovation and improvement, creating an exciting opportunity for the new owner to add value and reimagine the property. With its scale and flexible layout, there are many possibilities here – continue with multiple flats or establish a multi-generational living arrangement, or explore options to split titles and create multiple properties for future sale (subject to the necessary approvals). A rare opportunity to secure a sizeable landholding with extensive buildings, great grounds, and the potential to create something truly special in a peaceful coastal-rural setting. Viewing is by appointment only. If you are interested in learning more, please give me a call. Please be aware that this information has been sourced from third parties including Property-Guru, RPNZ, regional councils, and other sources and we have not been able to independently verify the accuracy of the same. Land and Floor area measurements are approximate and boundary lines as indicative only.