156 Beach Street, Waikouaiti, Dunedin City
Buyers $1,200,000+
12
10
1
+21
Investment offering exceptional returns
Freehold investment with multiple residential tenancies and the potential for further development. Returning gross *$154,440 per annum when fully tenanted. Zoned residential with commercial land use, the ex-Beach Hotel is now home to 9 separate residential rentals. A mix of fixed term and periodic tenancies are in place, with unit 'four' and one cottage currently vacant. Comprised of 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. *Based on previous fully tenanted price
Chattels
156 Beach Street, Waikouaiti, Dunedin City
Web ID
DNU238367
Floor area
510m2
Land area
3,040m2
District rates
$9,901.80pa
Regional rates
$662.96pa
LV
$580,000
RV
$1,140,000
12
10
1
Buyers $1,200,000+
View by appointment
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