29-31 Hyde Street, Dunedin North, Dunedin City

Central campus investment

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29-31 Hyde Street, Dunedin North, Dunedin City

Central campus investment

University Investments For Sale

Deadline Sale

Closing 4pm Tuesday 27 February 2024, at our Dunedin office (prior unconditional offers considered)

About

Located only a short walk to central library and most faculties, this well-maintained property has previously been converted into two, two-bedroom flats by the current owner who purchased the property more than 30 years ago.

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Both flats mirror each other. On the main level there is the open plan kitchen living area with heat pump, bathroom, a separate toilet, and a bedroom at the rear with access to the backyard. Upstairs is the second bedroom which is very spacious with plenty of natural light. The bedrooms also have double glazing.

Both flats are let at a modest $410 per week for 2024, providing an annual rental income of $42,640, and has always been an easy let for the current owner. Should be an easy increase in the rents for 2025. Rental appraisal available. Upgrades and renovations have been carried out over the years, providing very comfortable living for the tenants.

Whether it's for your kids at university for 2025, or as a pure investment, this property would look good in the portfolio. Don't miss out!

property details +

Web iD: DO11788
Approximate land area: 228m2
Rateable value: $790,000
Rates (DCC): $4862.34
Rates (ORC): $884.05

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Agents

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

Lane Sievwright

Lane Sievwright

Property Consultant

Mobile: 021 526 366