The owners have been fastidious in their maintenance of the building and have taken pride in delivering to their tenants some the best presented apartments in Dunedin. The main building has been re-roofed and double glazed in recent years, with older style but very tidy interior spaces.
The location provides a quiet living environment, surrounded by other medium to high end residential housing, and while their is ample on street parking, the ten single garages only add more value to these apartments.
Elevated to capture all day sun and some of the best views Dunedin has to offer, these apartments are a solid investment opportunity for the astute buyer. Currently tenanted for $3,335 per week, a recent rental appraisal suggests there is room to move rents with improvements and the large land size offers further future development, subject to the new Council 2GP zoning rules.
• 4x 1-bedroom apartments + 8x 2-bedroom apartments
• 10 single garages
• Total Land area 1978 m2 (more or less)
• Double glazed and re-roofed in recent years
• Tenanted approximately $3,335 per week
For a full Colliers Information Memorandum, 3D Virtual Tours and additional property documentation, please go to www.colliers.co.nz/214173 and download from our "DATAROOM" button (on desktop version only, not mobile).
Viewings are by private appointment only with our Brokers.
Other investment options at www.colliers.co.nz/student-investment
Ref #: 214173