South Dunedin, Dunedin City

$1,600,000

10

Bedrooms

6

Bathrooms
Enquire

Property / Residential / Sale / South Dunedin, Dunedin City

Savvy investors look here!

A fantastic opportunity to secure a purpose-built block of six apartments offering a solid and diversified rental investment with an impressive annual income of $105,560. Built in 1975, this well-established property comprises: • 4 x 2 bedroom apartments • 2 x 1 bedroom apartments • Heat pumps and heat transfer systems • Laundry facilities incorporated within the bathrooms • Four off-street carparks • Low-maintenance Opportunities to secure an entire unit block with this level of flexibility and upside are rare. Whether you are looking to add an immediate cash-flowing asset to your portfolio, a strong potential to increase returns or hold for long term growth, this property delivers on all fronts. Early viewing is highly recommended. Contact me today to arrange your viewing time.

South Dunedin, Dunedin City

Web ID

DNU235510

Floor area

350m2

Land area

842m2

District rates

$17,409.45pa

LV

$470,000

RV

$1,150,000

10

Bedrooms

6

Bathrooms
$1,600,000
Print flyer Print property flyer
View by appointment

Contact

Bill Miller

Bill Miller

View phone

View Profile

Property enquiry

Property enquiry for
DNU235510

You might also like

DNU226927
156 Beach Street, Waikouaiti, Dunedin City

12

Bedrooms

10

Bathrooms

1

Garages

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 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.

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.