Level L1 and L2 248 Cumberland Street, Central City, Dunedin

High-Profile CBD Investment | ASB House, Dunedin

Occupying a commanding, high-exposure position on Cumberland Street (State Highway 1) in the heart of Dunedin's CBD, these Level 1 and Level 2 unit titles within the well-known ASB House present a compelling opportunity for the discerning investor seeking scale, security, and long-term performance.

Originally constructed in the 1970's and subsequently strengthened and refurbished, the building benefits from a 100% New Building Standard (NBS) rating and features a high-calibre, modern fit-out throughout. The quality of presentation aligns with the professional nature of its occupiers and reinforces the building's enduring appeal.

Floors 1 and 2 are comprised of six individual tenancies, occupied by established, high-quality businesses, providing a diversified and split-risk income profile. More broadly, ASB House is recognised as the home of a number of well-known national and professional firms, including ASB, PKF, MediaWorks, Warren and Mahoney, Colliers, and GHP Law — underscoring the building's strong commercial reputation and ongoing tenant appeal.

A further strength of the investment is the provision of 23 on-site car parks, a rare and highly sought-after feature within the CBD. Dual access and immediate connection to the city's one-way system enhance functionality and accessibility for both occupiers and clients.
Surrounded by Dunedin's amenity-rich commercial core and benefiting from exceptional exposure on one of the city's busiest arterial routes, ASB House represents a secure, institutional-grade investment in a tightly held CBD location.

For sale by Tender, closing 4.00pm, Thursday 5 March 2026 (unless sold prior).

All inspections are by appointment with the sole agents.