Converted Building Adds to Emerging Culture

NEWS RELEASE
Converted Building Adds to Emerging Dunedin Apartment Culture

For Release: 10 April 2007

The conversion of a 1900 city building into seven upmarket and modern apartments in vibrant Dunedin is part of a small but emerging trend in a city renowned for its artistic and university culture.

Marketed by Robin Greer and Christine O’Connor of Harcourts Dunedin, the ‘Golden Leaf’ building on 16 Manse Street has undergone a “huge transformation” to be completed as a smart inner-city apartment complex earlier this year.

Mr Greer noted that while there was increasing interest in “apartment conversions” the main challenge was sourcing suitable buildings in close proximity to central city as “the office market is tight. That’s what makes these apartments so special. Their location is within a block of ‘the Exchange area’ and four blocks of ‘the Octagon’ – both well known inner city landmarks.”

Since marketing the complex, two of the seven have sold, with potential buyers for the remaining five expected to be those looking to enjoy the convenience of inner city living, to rural buyers looking for a low maintenance ‘weekender’ or off-farm investment.

Priced from $348,000 to $640,000, each apartment is individually designed with floor areas ranging from approximately 85sqm to 160sqm. The apartments include high quality fittings, high studs and outlooks ranging from harbour to hill views. “No floor plan is the same, including some which are multi-level.” They range from two to three bedrooms, and one or two bathrooms. Other features include double glazing, security system, brand new lift, and adjacent underground secure car parking.

While working with mainly local interest, Mr Greer noted the apartments were an ideal introduction to Dunedin living for out of towners attracted to the area from the ‘Move to Dunedin’ campaign currently running.

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