156 Beach Street, Waikouaiti, Dunedin City

By Negotiation

3,040m2

Land Area

510m2

Floor Area

+24

+23

High yielding multi-tenancy investment

Freehold investment with multiple residential tenancies and the potential for further development. Returning gross $171,340 per annum when fully tenanted. Zoned residential with commercial land use, the ex-Beach Hotel is now home to 10 separate residential rentals. A mix of fixed term and periodic tenancies are in place, with one cottage currently vacant. Comprised of the ex-tavern, three-bedroom managers dwelling, four 2015 built single bedroom cottages and four ex-motel units. There is also a separate garage for storage and shared laundry unit. This is a strong cash-flow asset that presents further development opportunities for long term returns from multiple income streams. Viewing by appointment at your earliest convenience is highly recommended.

Chattels

As per attached Chattels list
156 Beach Street, Waikouaiti, Dunedin City

Web ID

DNU229939

Floor area

510m2

Land area

3,040m2

District rates

$9,901.80pa

Regional rates

$662.96pa

By Negotiation
View by appointment

Contact


Property enquiry

Property enquiry for
DNU229939

About the location


Satellite

You might also like


DNU229939

12

Bedrooms

10

Bathrooms

1

Garages

Freehold investment with multiple residential tenancies and the potential for further development. Returning gross $171,340 per annum when fully tenanted. Zoned residential with commercial land use, the ex-Beach Hotel is now home to 10 separate residential rentals. A mix of fixed term and periodic tenancies are in place, with one cottage currently vacant. Comprised of the ex-tavern, three-bedroom managers dwelling, four 2015 built single bedroom cottages and four ex-motel units. There is also a separate garage for storage and shared laundry unit. This is a strong cash-flow asset that presents further development opportunities for long term returns from multiple income streams. Viewing by appointment at your earliest convenience is highly recommended.

By Negotiation

Request for information files


Terms of Supply

By accepting the information contained in the Property Brokers Information Files, I acknowledge I have read, understood and accepted the terms on which the information is made available:

  • It is acknowledged that any LIM report/builders reports/title search information or other property information documents that have been supplied by Property Brokers have been provided to interested potential buyers for general information purposes only, and may not have been sourced directly from providers by Property Brokers.
  • Neither Property Brokers nor their client (vendor) warrant the accuracy, completeness or currency of this documentation and nor do they accept liability for any errors or omissions in these documents.
  • All interested potential purchases should conduct their own due diligence, and obtain and rely on their own documents and legal/specialist advice as required from a person/company of their choosing.
  • Any purchase decisions are made entirely on reference of potential purchasers own judgement and they have satisfied themselves on all aspects of the property independently. Such decisions have not been made upon reference of the documents received in the Information Files supplied by Property Brokers.
  • By requesting the Information Files, you give consent for the real estate agent to communicate with you.