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Property Management

Council to sell about 70pc of its leasehold land

In what has been described as an exciting and significant move, the Dunedin City Council's property department plans to sell about 70 per cent of its leasehold land.

Friday, May 23rd 2003

About 210 sites would be progressively freeholded over the next three years, property manager Dave McKenzie said yesterday...

The council owns 304 areas of leasehold land, with a combined rateable value of $24.7 million. They include 44 industrial sites, 30 central business district properties, 154 residential properties, and a small number of sites in rural and large-scale retail zones.

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