Central city multi unit

Welcome to an opportunity that's rarely available in this location-a multi-unit freehold property in the heart of Dunedin, ready for transformation and serious uplift in both presentation and income.

Positioned on a low-maintenance site within walking distance to Moana Pool and just minutes from the CBD, this property presents three separate income streams across a solid 1970s build.

Consisting of two 2-bedroom units and one 3-bedroom unit. Currently, Unit 1 is returning $490 per week on a fixed-term tenancy through to 24th November 2025. Unit 3 is on a periodic lease at $545 per week, while Unit 2 is vacant and primed for renovation-an immediate value-add opportunity. Units 1 and 3 boast elevated city views, and all three units are equipped with two heat pumps each, ensuring year-round comfort. Off-street parking is available for three vehicles, further enhancing tenant appeal.
This is a blank canvas, but one with tremendous potential and where the upside lies. In a city where central multi-unit investments are tightly held and rarely offered, this property is an uncut gem that smart investors know how to polish. Whether you're looking to add value through renovation, restructure the income, or simply secure a well-located multi-income asset with long-term capital upside. Let's talk about how this one fits into your portfolio.

Deadline Sale - closing 2pm the 18th June 2025 (prior unconditional offers considered).