This Property at 254B Middleton Road, Corstorphine offers an exciting opportunity for development with its new Zoning of General Residential 1 under the 2GP.
Within a few minutes' drive to Dunedins CBD this popular area has a wide range of properties. The potential of this very private acreage, is massive, offering a diverse opportunity to develop into numerous smaller sections or more exclusive larger plots.
We all know that...
This is a rare opportunity to secure and develop a subdivision of a very sought-after proportion in such a popular and diverse area.
For the last 18 months there has been a shortage of properties for sale in Dunedin which has increased the values of properties. With the latest stats showing the median price in October 2017 being $370,500.00 and October 2018 being $430,000.00. This problem is only going to escalate in months and years to come due to several factors. Dunedin's Economic Development with the new hospital build, boutique businesses now based in Dunedin, expansion of current industry, rumoured industry looking at relocating to Dunedin, through to increased popularity of Dunedin offering fabulous lifestyle opportunities.
This is a shortage of affordable homes on smaller sections through to higher spec homes on larger or smaller sections. 254B Middleton Road offers what you... as a developer, require to land bank for your next project.