Designed by renowned architect, Basil Hooper and completed in 1914 Ritchie House is one of Dunedin's finest historical houses, situated in park-like grounds (the lawn to the north is on a separate title and available separately if required) and commanding grand views of the City, hills and Otago Harbour. It offers superior accommodation in quiet and peaceful surroundings to discerning professional and University related tenants. Situated within a few minutes' walk to the University, Hospital and Octagon it boasts an enviable occupancy history since being substantially renovated and upgraded in 2003.

As supervising architect of St Pauls Cathedral and noted for his design of many of New Zealands finer homes Hooper excelled himself with Ritchie House. Characteristic of the Arts and Crafts or Modern Movement of the time the house is highlighted by complex roof geometry, emphasized gables, overhanging eaves, Oriel windows, buttresses, remarkable lead lights and extensive wood paneling.

The options open to potential buyers are many. Currently rented as 16 studio rooms to December with a gross income of $170,000 the home offers a 10.3% gross return on purchase. (7.38% after landlord costs).

Alternatively what a truly special opportunity to live as a family in a magnificent residence so close to all the inner city has to offer and an easy walk to some of Dunedin's finest schools.
Another option could easily suit someone living on site, managing the property themselves and receiving an income in an enviable central location.

A further option could include building on 28A next door (the lawn) either a further investment with the continued income stream from Ritchie House or owners residence.

Subject to City Council Zoning Rules what a truly impressive business premises with possibly provided parking on 28A.

Whatever the future holds for this magnificent property this is an opportunity that is rarely available.

Viewing is strictly by appointment.