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This six-bedroom, two bathroom property is ripe for improvements allowing you to create healthy capital gains and increase your personal equity in the central student campus area.

We recently sold another six bedroom property in the same block for over $800,000, somewhat evidence of the value of the market for retail level property. The Vendors do not have the inclination to renovate themselves and are here to sell, allowing you to purchase, improve and make the further gains yourself.

The popularity of the student market is as positive as ever and strong rental demand looks set to continue. The property is currently renting at $810 per week, and a new fixed term tenancy is already in place to six young ladies at $870 per week locked in for all of 2021. The rent could subsequently be improved thereafter with property improvements.

This is a simple choice for an add-value project, so please enquire with Matt now to discuss what you can make on this property in Dunedin's tightly held student market.

•Great location to attract both university and polytechnic students
•Add-value gains to be made
•Rented all the way through to the end of 2021

A full Colliers Information Memorandum and additional property documentation including LIM, Electrical Report and Building Report are available on request.

Viewings are by private appointment only with our Brokers.

Other investment options at www.colliersotago.co.nz

Ref #: 20475158
  • 30/09/2020
  • Contact our experts for details on this transaction.