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Dunedin
13% - 15% Yield
25 Bedroom - $4,615 pw ($240,000 p.a)
1,573 m2 Freehold Corner-Site
High-performing 25-bedroom inner-city Dunedin investment generating $4,615 per week with upside to $5,500 per week. Returning 13–15% on a 1,573m² freehold corner site, this strategic asset offers significant cashflow and value-add potential.*
- $4,615 per week rental - $240,000 p.a. - Current
- $5,500 per week rental - $286,000 p.a. - Potential with rent increase
- 13.0 % - 15 % Yield
- 25 Bedrooms, 5 Bathrooms
- 780 m2 Floor area
- 1,573 m2 Freehold Corner-Site
- Inner City Residential Zone
- Potential to add value
- Healthy Homes Compliant
- Close to the CBD, restaurants, bars, schools, supermarkets and shopping
- Cashflow Positive $2,000 per week - based on 100% borrowing and after expenses *
A rare opportunity to acquire a substantial boarding house with 25 bedrooms in Dunedin’s desirable Inner City Residential zone. Historic Charm with Modern Comforts: Built between 1880 and 1889, the main building features level floors throughout on piles, with a mix of corrugated steel and tile roofing, both appearing in good condition. Heating is provided by heat pumps in the lounge and heaters in individual rooms.
The property offers ample living and communal spaces, with an approximate floor area of 780m2 on a 1,573m2 land area.
With 25 individual bedrooms and 5 bathrooms, this boarding house is well-equipped to accommodate numerous tenants.
Established Income Stream
Property management is handled by a professional property management company.
Price by Negotiation
Rental: $4,615 per week rental - $240.000 p.a.
$5,500 per week rental - $286,000 p.a. - with rent increase
Gross Yield: 13.0 %
Building: 780 m2
Land: 1,573 m2
Bedrooms: 25
Bathrooms: 5
Rates: $ p.a.
Cashflow Positive by $2,000 a week - 100% borrowing less expenses *
* figures to be used as guide only
Please contact me if you’d like further info.
Shane Carruthers
021 182 6547
[email protected]
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