current listings

Luxurious waterfront lifestyle

Saint Leonard's Lodge, 1 Tui Street

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St Leonard's Lodge presents a unique dual home and income opportunity. This spectacular waterfront setting offers a breathtaking panorama of the Otago Harbour and Peninsula.

The original homestead, Aorangi, was built circa 1907, is one of New Zealand's finest historic homes, and is deservingly protected by the Historic Places Trust. This much admired home has been lovingly restored and extensively renovated by its current owners to the highest standards and offers boutique, luxury accommodation, and a beautiful family residence.

 

Centrally heated by a ducted heatpump system, modern elements combine seamlessly without detracting from the glorious period features of this magnificent home.

 

Alongside Aorangi sits a second home, Tui House, that was constructed by the owners in 2004 to reside in while they extensively improved Aorangi. Light and fresh, this home offers modern accommodation consisting of three bedrooms, all with ensuite bathrooms, with a central kitchen and living room.

Whether you are seeking a stunning waterfront home or a luxury stay business, this situation is highly appealing and offers flexibility to meet your family's requirements.

There are a number of possible options around the sale that can be negotiated, including:

 

The property can be subdivided, being a total land area of 4,707sqm (more or less) of freehold land, being Lot 8 and Part Lot 5, 6, 7. The simplest subdivision would be to have the new boundary between the two houses, so Lot 8 and Part Lot 7 (approx. 2,297sqm) becomes the land for the Lodge "Aorangi" and Part Lot 6 and 5 (approx. 2,420sqm) become the land for "Tui House".

Refer to the Certificate of Title and the aerial photo on council rates information details below, and the video has great aerial views.

This would be subject to survey, approval, and new titles being issued, a process that takes some months, but the sale can be subject to this. This may be an attractive option for someone looking to purchase the Lodge but not wanting the second home.

 

The owners are registered for Goods & Services Tax, being a GST registered company. If you purchase and are GST registered, this means that you pay the purchase price plus GST (which you then claim back) and the owners receive this and pay GST on the sale.

If you are not GST registered and don't intend to register for GST, you may offer the purchase price inclusive of GST. This may be an attractive option for someone purchasing the Lodge but not intending to run it as a business. Purchasers should seek advice from their lawyer and/or accountant before making an offer. Contact me if you wish to discuss these or any other options.

KEY DETAILS:  *CV: $1,860,000 (01/07/19)  *Rates: $7,651.34  *Floor area: Aorangi 490sqm, Tui House 100sqm,

Total Floor Area 590sqm  *Land Area: 4,707sqm (freehold)

The law of attraction

81 Kenmure Road, Belleknowes

SOLD

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There's so much to love here including a super handy location - this well presented brick bungalow has lots of neat features for home buyers and investors who are looking for a home that ticks lots of boxes. Let's start with a neat layout - from the central hallway are three double bedrooms plus an office (or baby/child's bedroom), family bathroom, and open plan kitchen and living from which you'll enjoy a north facing deck.

This home meets the healthy home requirements with ceiling and underfloor Batts insulation, moisture seal, efficient heating with heatpump and hall heater; rewired, new Colorsteel roof, modern kitchen and bathroom, separate laundry. It enjoys partial double glazing which you can add to over time. And has a single garage (with power). Altogether a neat package and location, ready for you to move into and enjoy.

For sale by deadline private treaty. Offers to be submitted by 4pm, Thursday 8th April 2021 (no prior offers).
Price guide: upwards from $680,000.

 

KEY DETAILS: *CV: $485,000 (01/07/19) *Rates: $2,553.42 *Floor area: 110sqm *Land Area: 396sqm (freehold)

At BayleysMetro we take pride in being Altogether Better

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We're all over the Otago region with highly skilled salespeople in our BayleysMetro offices in Dunedin and Mosgiel. With associated offices throughout Otago, Southland and all across

New Zealand, we're all working together on your behalf.

If you'd like to hear how altogether better could work for you, call me today!

Settled.govt.nz - guiding Kiwis through home buying and selling

Be a confident home buyer or seller with settled.govt.nz. Buying or selling a home is one of the biggest financial decisions you’ll ever make. It can be a complex and sometimes stressful process. Settled.govt.nz will help to inform and guide you through the process from when you're thinking of buying or selling, right through to when you’re moving in or out. For an overview of the site, go to: https://www.settled.govt.nz

Buying or building a house in New Zealand

The rules for overseas people buying or building residential property in New Zealand have changed. In general, only residents and citizens can buy homes to live in, but other investment opportunities are available. Also note that foreigners with New Zealand residency status will still be able to buy homes, as will Australians and Singaporeans.

For more information, go to: https://www.newzealandnow.govt.nz/living-in-nz/housing/buying-building

Bayleys Metro Realty

308 Highgate, Roslyn

Dunedin

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021 992 993

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© Lawrence Peeters 2015