844 Cumberland Street, Dunedin North, Dunedin City

Big property, big income

9
2
OSP
9
2
OSP

844 Cumberland Street, Dunedin North, Dunedin City

Big property, big income

University Investments For Sale

$924,000

8% (2018), 7.85% (2017)

About

Located on the heart of Campus, this nine bedroom student rental is only minutes’ walk to most faculties, sports grounds and the North Dunedin fast food outlets.

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Currently rented at $1,395 per week, or $72,540 pa, gives a healthy nett income after all expenses. Rented for 2018 already at $1,422 per week.

The property consists of two large living areas, two full bathrooms plus a third toilet, car parking for four cars, a larger low maintenance outdoor area with built-in seating, and an extensive chattels list.

In the past five years, it has undergone major upgrades, full rewire, exterior paint, partial reroof and insulation installed where possible. Scope to add another room. Don’t miss the opportunity to purchase this cash flow positive investment. Call Lane to inspect or to get your information pack.

To view other investment options see our website: www.propertyinvestments.nz

property details +

Web iD: DO9356
Approximate land area: 454m2
Approximate floor area: 260m2
Rateable value: $630,000
Rates (DCC): $2,821.57
Rates (ORC): $704.02

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Agent

Lane Sievwright

Lane Sievwright

Property Consultant

Mobile: 021 526 366
Direct dial: 03 470 2516