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There are no immediate plans for the future of the large Lower Stuart St building.
Torpedo7 Dunedin store manager Tim Chapman said the move would be made at the end of the month and all 20 of the present full-time and part-time staff will relocate to the new site in Andersons Bay Rd.
The site is The Warehouse's former Warehouse Stationary building, at its South Dunedin outlet, which has been rebranded.
''It's actually got a larger footprint with more shopping area,'' Mr Chapman said, in comparing the size of the two buildings, and has more parking capacity.
Its present CBD premises, on the corner of Lower Stuart and Cumberland Sts, was for decades known as the A&T Burt Ltd building, a business established in the 1862 gold rush era.
The three-storey building sits on 0.05ha and has a total rateable value of $1.12 million. It was purchased last year by Dunedin company Danmont Property.
He said a redevelopment concept would be worked on, and options could include it remaining a retail outlet or becoming accommodation.
Directly opposite the A&T Burt building, the top three stories of the 109-year-old former Conservation House had recently been redeveloped and opened as a 19-unit boutique hotel, by Queenstown-based Chris James, of Meteor Properties.
In November 2013, Dunedin-founded R&R Sport was bought by Red Sheds operator The Warehouse, for a price understood, but not confirmed, to be several million dollars. Earlier that year, The Warehouse had purchased the separate Torpedo7 outlets. There are now more than 16 Torpedo7 outlets across the country.
The original South Dunedin second-hand sports shop, Recycled Recreation, operated by Grant Vossler in the late 1970s, was taken over by Darryl Tatom, Paul Highton and Dave Norris and later renamed R&R Sport.
It moved to the CBD in the early 1980s.
Mr Highton continued with the company, along with partners Mat Woods and Miff Macdairmid.
The company's nine stores comprised the headquarters in Dunedin, Queenstown, Wanaka, Christchurch (two), Kaikoura, Nelson, Hamilton and Auckland.