Seize this chance to acquire a meticulously maintained period property consisting of four distinct, self-contained 1-bedroom flats under a single title. This is a turnkey investment designed to immediately enhance any serious property portfolio. Each dwelling offers a spacious layout, comfortable living areas, and modern amenities, appealing to a desirable tenant mix of working professionals and student couples. The upper two flats command impressive, elevated views across the CBD to the harbour and ocean, while the lower two benefit from the characteristic high ceilings of the era, lending a valuable sense of space and tranquility.

The building itself demonstrates a commitment to longevity, featuring a comprehensive exterior refurbishment completed within the last year, securing low future maintenance costs. Added conveniences include two garages, ideal for secure landlord storage or to be offered as a premium feature to tenants. Location is a critical value driver: the proximity to the medical school precinct ensures consistently high demand, underpinning its status as a highly desirable rental property for medical and health science students.

This investment is an immediate high-performer, boasting a secured 2026 return of $1,740 per week from tenants on staggered fixed-term agreements, delivering an outstanding 7.4% gross yield against the asking price. This stable, high-yield asset offers not only financial security but also the unique flexibility to house your own family members studying in Dunedin while maintaining a substantial income stream from the other three units.

Send an online enquiry to receive a full Matt Morton & Co Information Memorandum and additional property documentation.

Please contact me for a further discussion or to arrange a viewing appointment once the information has been reviewed.