105 Macandrew Road, South Dunedin, Dunedin City

Multi-unit investment opportunity

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105 Macandrew Road, South Dunedin, Dunedin City

Multi-unit investment opportunity

Residential Investments For Sale

$1,150,000

About

Three dwellings on a one quarter acre title so close to the local community hub, this is a great opportunity for an astute investor or developer. Zoned General Residential 2 under the DCC 2GP, this site has the potential to be subdivided into three separate lots and is up to 16 room capable. Located on the street front of the property are two two-bedroom flats, both currently tenanted and returning a total of $650 a week.

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The units have open plan kitchen and living, with two bedrooms serviced by a bathroom with wet floor shower. The units have a separate driveway with off-street carparking.

At the rear of the property there is a four bedroom brick home which is currently vacant, providing an opportunity for home and income, or immediate renovation. The home has original character features with large open living and dining and adjacent kitchen. The home has undergone modifications, including the installation of ramps, to make it easier for less mobile people or wheelchairs to navigate. The home has a garage which has previously been used as a studio and features a decorative tongue and grove ceiling. A carport offers extra covered off street parking, and a flat back yard completes the rear home.

The home has a rental appraisal of $440 - $480 per week, providing a potential return of $1,200 per week for the entire property. Enquire today for further information.

To view 3D virtual tours copy & paste links:
105 Macandrew Road - https://my.matterport.com/show/?m=ktMZesM8Uby
105A Macandrew Road - https://my.matterport.com/show/?m=W2GZMVpNjwP

property details +

Web iD: DO11321
Approximate land area: 1012m2
Rateable value: $485,000
Rates (DCC): $5,385.94

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Agents

James Columb

James Columb

Property Consultant

Mobile: 0274 761 007
Direct dial: 03 470 2531

Amy Columb

Amy Columb

Property Consultant

Mobile: 027 694 6006
Direct dial: 03 470 2552