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Trust bought prison for $20,000

Published by ODT

The historic Dunedin Prison was sold for $20,000, it has been revealed. The property, which has a capital value of $1.77 million, was sold to the Dunedin Prison Charitable Trust this week, after Ngai Tahu deferred its first right of refusal to buy the surplus Crown property.

While the trust and the iwi declined to release the sale price, Land Information New Zealand (Linz) Crown Property Management acting manager John Hook confirmed a sale price of $20,000, plus GST, if any…