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Corstorphine rent price
Dunedin City schools
A23A Milburn Street, Corstorphine
$3,880,000+ listed in Sep 2015
Commercial for Sale :
Land size:  [Measure]
Agent: Tourism Property Brokers Ltd(Licensed: REAA 2008) - Tourism Properties.com

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Property Description:
Corstorphine House has previously traded as a luxury private Hotel, Lodge, Restaurant and a Function Venue for Conferences and Weddings. The property is currently a private residence however, all the chattels and the commercial kitchen are still onsite allowing for an astute hospitality and tourism accommodation operator to purchase this stunning 8 bedroom boutique property set on three titles totalling over 3ha.

Built in 1863 for John Sidey and remained with his family until 1950s and has a New Zealand Historic Places Trust category one status. The property was extensively refurbished between 1999 and 2001 and again between 2009 and 2015.

Famous guests have included, Prince Charles, actress Gwyneth Paltrow, musician Chris Martin and actor Daniel Craig.

Recent improvements include:

- A second (residential) style commercial kitchen

- Installation of a 60kw coal burner significantly reducing heating/hot water costs

- Rebuild of the historic greenhouse into a conservatory with double glazing allowing up to 90 guests for a formal functions or weddings

- Extensive new carpeting in many areas of the property

Broker's comment:

If there was ever an opportunity in the Tourism Accommodation sector to take this magnificent property back into the luxury tourist accommodation market, this property allows an astute Investor and or Operator to once again open the doors to the discerning travellers, corporate retreats and wedding markets.

To discuss further, call the specialist Tourism Accommodation Business Broker, Adrian Chisholm, AREINZ on 021 727 888 or Email: adrian@tourismproperties.com

Note: interior photos are from when it was operating as a hotel by the previous owners and does not reflect the current interior.

 

About the region:
Nearby Schools:
NameTypeDecileDistance
Queens High SchoolSecondary51.2 km
Carisbrook SchoolPrimary21.1 km
Kings High School (Dunedin)Secondary61.4 km
Bathgate Park SchoolPrimary31.3 km
Kaikorai Valley CollegeSecondary52.5 km
>>More schools

The property data is from the public websites.

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