Big property, big income

844 Cumberland Street, Dunedin North, Dunedin City

FOR SALE
$930,000

7.8%

9 bedrooms     2 bathrooms     OSP

Located on the heart of Campus, this nine bedroom student rental is only minutes’ walk to most faculties, sports grounds and the North Dunedin fast food outlets. Rented at $1,395 per week, or $72,540 pa, gives a healthy nett income after all expenses.

The property consists of two large living areas, two full bathrooms plus a third toilet, car parking for four cars, a larger low maintenance outdoor area with built-in seating, and an extensive chattels list.

In the past five years, it has undergone major upgrades, full rewire, exterior paint, partial reroof and insulation installed where possible. Scope to add another room. Don’t miss the opportunity to purchase this cash flow positive investment. Call Lane to inspect or to get your information pack.

To view other investment options see our website: www.propertyinvestments.nz

Lane Sievwright

Lane Sievwright

Property Consultant

Mobile 021 526 366
Direct dial 03 470 2516
After hours 021 526 366
Email Email me »

Further information

Web iD: DO9356
Approximate land area: 454m2
Approximate floor area: 260m2
Rateable value: $630,000
Rates (DCC): $2,821.57
Rates (ORC): $704.02

DUNEDIN
578 George Street
PO Box 5772,
Dunedin 9058
T (03) 474 0444
F (03) 477 3208
E
MOSGIEL
123B Gordon Road
PO Box 69,
Mosgiel 9053
T (03) 489 5444
F (03) 489 2022
E
CENTRAL OTAGO
7 Murray Terrace
PO Box 448,
Cromwell 9342
T (03) 445 0702
F (03) 445 0716
E
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