Lifestyle Property Near City for Sale in Dunedin, South Island, New Zealand

Amazing Ocean, Harbour & City Views Lifestyle Property

"Amazing" doesn't begin to describe the views from this rarely available 9.4 hectare lifestyle farmlet situated on the hills above MacAndrew Bay on the beautiful Otago Peninsula just 10 minutes from Dunedin city.

Property enjoys 190 degree views over the Otago Harbour, Dunedin city, Pacific Ocean and the snow-capped mountains of the South Island of NZ.

North facing for all day sun, this modern 4 bedroom home enjoys what surely must be one of the biggest vistas available. Built in 1995 and set high on the side of the peninsula this light and bright home comprises open plan kitchen, dining and living areas with large glass doors opening onto a huge deck running the full length of the home. A large covered area over the back entry door provides protection from weather. Immediately adjacent is a large 2 bay workshop plus double garaging with space for multiple vehicles.

Property is divided into 5 paddocks and is currently grazed with sheep, however would also be suitable for horses or cattle.

Passive income of approximately $ 5,000 per annum is generated from a telecommunications tower on a remote corner of the property, and grazing.

Siutated on the scenic tourist route and close to the historic Lanarch Castle, this property enjoys high exposure and could be suited to tourist development such as a cellar door or bed and breakfast.

Rates of $ 1,577 per annum
Government Valuation $ 670,000 NZD
9.4 hectares freehold