2 Elder Street, Dunedin North, Dunedin City

Astute centrally located investment

8
8
OSP

Sign up to property alerts

8
8
OSP

2 Elder Street, Dunedin North, Dunedin City

Astute centrally located investment

University Investments For Sale

$1,315,000

7% nett of all costs

About

Eight superbly located studio rooms providing a combination of two, four bedroom units on one title.

read more +

This well maintained property has good communal areas and all bedrooms have ensuites. With a gross annualized rental income for 2018 of $106,340 and landlord costs of approximately $13,646, producing a nett income of $92.693 per annum. The property has an extensive chattels list providing a higher standard of accommodation to discerning students. Two off-street parks provided and the University, Hospital, City shops and cafes are all only a short walk away. This is astute investing providing a low maintenance investment moving forward.

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

property details +

Web iD: DO9858
Approximate land area: 383m2
Approximate floor area: 320m2
Rateable value: $950,000
Rates (DCC): $5465.55

View Google Map of Property

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