526 George Street, Dunedin North, Dunedin City

Prime George Street investment!

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526 George Street, Dunedin North, Dunedin City

Prime George Street investment!

University Investments For Sale

$2,475,000

About

No one ever regrets investing in location and quality. Add in proven occupancy and we have a winner.

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This impressive “Ex Boutique Hotel" character residence with modern extension, features fifteen fully furnished/ensuited motel styled rooms, provides “just bring your suitcase accommodation” for discerning students. The property offers spacious common – kitchen, dining and lounge/relaxing areas plus swipe card access. Strategically positioned on George Street, in an absolute prime location, only two blocks to Central Library/University faculties and one block to George Street retail precinct. This prime 943m2 Residential 3 land holding providing an impressive $209,404 pa (2019, some landlord costs apply). Projected rental income of $216,580 for 2020. This property has obvious potential for future wealth creating. Prepare to be impressed.

property details +

Web iD: DO10431
Approximate land area: 943m2
Approximate floor area: 520m2
Rateable value: $2,100,000
Rates (DCC): $5672.00
Rates (ORC): $645.57

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Agents

Lane Sievwright

Lane Sievwright

Property Consultant

Mobile: 021 526 366
Direct dial: 03 470 2516
After hours: 021 526 366

Clayton Sievwright

Clayton Sievwright

Property Consultant

Mobile: 021 191 5555
Direct dial: 03 4702517