The sale periods for two separate Dunedin hotels, the Hotel
St Clair and the Fitzroy Pub on the Park, have both been
The 130-year-old Fitzroy is under forced mortgagee sale and
is one the oldest hotels in the South Dunedin area.
The Hotel St Clair opened in 2009, and is for sale by Milton
family construction company, Calder Stewart.
A spokesman for the Hotel St Clair, which has a rateable
value of $6.85 million, said there had been recent, new
interest, in the 26-room three-storey hotel and the tender
date had been extended a further week.
The Fitzroy, which closed in January and has a rateable value
of $580,000, has had its price reduced to $325,000, plus GST,
with the tendering period having been extended from late May.
Earlier this month, a claim by the SBS Bank against one of
the Fitzroy's former operators was upheld in the High Court
at Dunedin, over three outstanding loans and interest, which
totalled $1.09 million.