231 Stuart Street, Dunedin - Request for Proposal

The Dunedin City Council (DCC) has agreed to list the property at 231 Stuart Street, Dunedin, for sale on the open market in a Request for Proposal process, and the public is now being invited to submit their proposals on possible uses for the property. We are asking for people to present their ideas on what they would like to do with the property, and are seeking a buyer that not only will restore and protect this heritage building, but one that will also create something that will benefit the city. Proposals should align with the values of the Council, and demonstrate the long-term and wider benefits to Dunedin. This could be financial, economic, or net positive social and community outcomes. Prospective purchasers will have to undertake due diligence, particularly given the classified heritage status of the property, and provide detailed plans on what the building will be used for, and how it will be brought up to standard so it can be safe for occupancy and the proposed use. This should include a business plan for the venture being proposed, an explanation as to how any remedial work will be funded, and proposed terms of sale (price, settlement, conditions etc). This is an exciting opportunity for prospective buyers and the community combined. To submit a Proposal - VISIT www.dunedin.govt.nz/231stuartstreet Note: Proposals not accepted electronically via GETS, see link above for full details on the submission process.