245, 249 High Street and 49 Hope St, Dunedin Central, Dunedin City

Huge Positive Cashflow Return

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245, 249 High Street and 49 Hope St, Dunedin Central, Dunedin City

Huge Positive Cashflow Return

Residential property For Sale

Enquiries over $1,500,000


After twenty-two years of ownership, my vendor has made the difficult decision to sell this extremely lucrative, well established rental business.

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This represents a golden opportunity for the astute investor to capitalize on the foresight and vision, of the current owner, to acquire this strong performing investment.
Consisting of three individual freehold titled adjoining properties, run as a 25-bedroom operation, this complex is easily managed with minimal input.
The property is currently returning a very healthy $267,000 PA and there is plenty of scope to increase this in the immediate future.
Located on the corner of High Street and Hope Street, its excellent patronage is attributed in part to its centralised location.
Within easy walking distance to the centre of town, and with the convenience of a bus stop at the front gate, the positioning couldn't be better.
Combine the location with the huge upcoming demand for workers accommodation once the hospital build gets into full swing, and the prudent investor will quickly realise the full potential this opportunity possesses.
Currently let on an individual room basis, the property has a large number of stable longer-term tenants.
The current financial returns are extremely impressive, and with some enhancements the future increased potential returns for this investment are significant.
These properties represent a rare and somewhat unique opportunity to acquire this significant asset to add strong cashflow to your portfolio.
Properties to be sold plus GST (if any)
Your early enquiry is recommended. Viewing strictly by appointment only.

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Web iD: DO11446

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Ron Birchall

Ron Birchall

Property Consultant

Mobile: 027 552 2123