30 Tennyson Street, Dunedin Central, Dunedin City

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15
9
OSP

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15
9
OSP

30 Tennyson Street, Dunedin Central, Dunedin City

Premium inner-city investment!

Investment property For Sale

$2,850,000

About

Looking for an inner-city investment with multiple income streams? Then you need to look at this one! It’s not very often you will find an investment in such a superb location that has further development potential moving forward.

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Currently consisting of a large renovated early 1900’s two storey villa at the rear of the section, previously the home of Charles Greenslade, one of the original founders of Speights Brewery, now consisting of a five bedroom/three bathroom flat and a seven bedroom/three bathroom flat. At the front there are three spacious one-bedroom recently built apartments over three levels. Onsite parking provides for eleven vehicles and these are currently used by the tenants. There is potential to rent some, or all of these car parks separately next year. The 1012m2 land is twenty-two room capable with an existing fifteen rooms, leaving a potential to add another seven bedrooms on the site (subject to DCC consent). Rental income of $164,788 for 2020 and $165,360 for 2021.

Information pack including LIM report is available via email. Viewing is by appointment.

property details +

Web iD: DO10771
Approximate land area: 1012m2
Approximate floor area: 540m2
Rates (DCC): $10,008.14
Rates (ORC): $568.57

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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

Aimee Marsh

Aimee Marsh

Property Consultant

Mobile: 027 209 3440
Direct dial: 03 470 2520