|
We often find great deals and send them to our client database, these deals often don't make it onto our website. If you'd like access to these deal please subscribe to our deal alerts.
|
|
DUNEDIN
$130,416 per year rent
13 % Yield - 4 incomes
- $130,416 per year rent
- 13 % Gross Yield
- $700 per week - Ground Floor - 5 Bedrooms, 2 Bathrooms - 282m2
- $840 per week - Level 1 - 6 Bedrooms, 2 Bathrooms - 282m2
- $896 per week - Level 2 - 7 Bedrooms, 2 bathrooms - 282m2
- $320 per month - Basement - 7 x Storage Units - 282m2 (5 are leased currently)
- 1,128m2 4 storey building
- 18 Bedrooms
- 5 Bathrooms
New rental appraisals:
$ 900 per week,
$1,110 per week
$1,275 per week
$3,285 per week or $170,820 per year - 15.5% Gross Yield
A striking building in the heart of the city that not only generates good cash flow but offers future proof potential. With more interest than ever for inner city living it is an iconic Dunedin Style building that like so many others in recent years could make for something truly special.
The property consists of three apartments and basement storage.
At street level is a 5 bedroom one bathroom spacious flat, with separate access up the stair well are another 2 flats.
On level two flat A has a total 6 bedrooms with two bathrooms and spacious living area, further up the stairwell on level 3 is flat B with 7 bedrooms two bathrooms and plenty of living space.
The basement area is accessed to the rear of the building currently fitted out with 7 storage units bringing in an additional $30 per unit.
Price: $1,100,000
Valuation: $1,830,000 (2021)
Gross Yield: 13.0 %
CV: $1,380,000
Rental: $2,500 per week - $130,416 per year
Rental Appraisal: $3,285 per week or $170,820 per year
Land: 282 m2 - Central Business District Zoning
Building: 1,128 m2
Bedrooms: 3
Bathroom: 1
Council Rates: $6,834.08 pa
Location:
Located in central Dunedin, within walking distance to both Otago University and Polytechnic, and right in the centre for retail and other amenites.
Please contact me if you’d like further info.
Shane Carruthers
021 182 6547
[email protected]
|
|
Contact me for further information or to view.
Shane Carruthers M: 021 182 6547 P: 09 215 6202 E: [email protected] |