156 Beach Street, Waikouaiti, Dunedin City
Deadline Sale 24 June 2026
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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
156 Beach Street, Waikouaiti, Dunedin City
Web ID
DNU226927
Land area
3,040m2
District rates
$9,901.80pa
Regional rates
$662.96pa
LV
$580,000
RV
$1,140,000
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Deadline Sale (unless sold prior)
Wednesday, 24 June 2026, 1.00pm
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About the location
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