For sale by Online Auction
The Online Auction is under way and digital bidding starts immediately and concludes at the Final Bidding Stage. It is recommended to register a starting bid early to avoid disappointment. Bids conditional on pre-approved finance are permitted subject to seller approval.
Secure a high-performance asset in the heart of Dunedin’s prime tertiary precinct with this exceptional five-bedroom student flat.
Positioned directly across from the University of Otago’s School of Business and a mere block from the Otago Polytechnic, the property occupies a strategic "sweet spot" that appeals to a diverse student demographic. The residence is designed for low-maintenance comfort, featuring wall heaters in every bedroom, a second separate toilet for tenants and a light-filled, open-plan living and kitchen area equipped with a modern heat pump. A small garage adds further utility, perfect for secure bike storage or a landlord’s maintenance lock-up.
For the risk-averse investor, this property offers unparalleled peace of mind. It is currently head-leased to the University of Otago, which manages all tenancy logistics and provides its own residents, often high-quality international students. This arrangement effectively eliminates property management fees and day-to-day tenancy obligations for the owner. Compliance is a non-issue here; the property is fully Healthy Homes compliant, and a comprehensive suite of Building, LIM, and Electrical reports are available to confirm its condition.
While the current lease provides immediate stability, an independent market rental appraisal is available to demonstrate the property’s long-term capital potential. This asset is being sold via online auction closing March 10th, with bids accepted immediately. In a market where location is everything, early participation is strongly encouraged to secure this turnkey investment.
The property is open for Buyers to register and submit a bid from now until 6:00 pm, Tuesday 10 March 2026 when the Final Bidding Stage will commence (unless brought forward by the Vendor). Contact the sales agent early to become qualified.
Send an online enquiry to receive a full Matt Morton & Co Information Memorandum and additional property documentation.
Please contact me today to discuss this premium asset further and arrange your private viewing appointment once the information has been reviewed.
