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165 Forth Street, North Dunedin, Dunedin City

9% + Return Potential

dollar

Negotiation

House
House
Bedroom
5
Bathroom
1
Floor area
120m2
Land area
445m2
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Property details

Listing # L27466034 | Listed on 30 April 2024

Located right in the heart of the campus, this flat has always been very popular, receiving plenty of applications from quality tenants every year.

Rented until end of 2026, returning $915 per week for the rest of 2025, and $50,235 for 2026.
The property contains 5 good-sized bedrooms, a semi-open plan kitchen/ living area, 1 bathroom plus a separate toilet.

The 445m2 section allows for up to 10 bedrooms on the site (subject to consent). One could remodel/ extend and add bedrooms to the existing dwelling or just knock it over and build new.

Based on quotes and working drawings, our view is that a conversion to an 8-bedroom, 3-bathroom flat is the best use of this site.

Link to 3D tour below:
https://my.matterport.com/show/?m=teUBRbpCAHk

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