Bradken's foundry site likely to be divided

Bradken's Dunedin site will probably be divided.

The company owns and occupies 0.5ha, which is under five separate titles, near the Dunedin Railway Station.

The sections went on the market last month, but no-one has shown interest in buying the lot. A deadline treaty closed this week.

Colliers International agent Dean Collins said there was some ''pretty good'' interest in the individual sections.

Most interest was shown by people keen to own and occupy the various properties, he said.

Bradken would also consider lease offers.

''None of the properties have sold yet, but we have interested parties in the various properties and are just working through that with them,'' Mr Collins said.

He expected negotiations to take a couple of weeks.

''We'll hopefully have some outcomes shortly.''

As of 2010, the five sections have a collective capital value of $1.77 million, made up of land value $909,000 and improvements worth $861,000. The total annual rates bill is $21,375.

Bradken agreed to lease KiwiRail's Hillside foundry late last year and will move its operations to the South Dunedin site.

Add a Comment



Our journalists are your neighbours

We are the South's eyes and ears in crucial council meetings, at court hearings, on the sidelines of sporting events and on the frontline of breaking news.

As our region faces uncharted waters in the wake of a global pandemic, Otago Daily Times continues to bring you local stories that matter.

We employ local journalists and photographers to tell your stories, as other outlets cut local coverage in favour of stories told out of Auckland, Wellington and Christchurch.

You can help us continue to bring you local news you can trust by becoming a supporter.

Become a Supporter