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30 & 32 Clyde Street, North Dunedin, Dunedin City

Strong Cashflow, Secure Lease, Prime Position

dollar

Enquiries Over $1,499,000

House
House
Bedroom
10
Bathroom
4
Floor area
260m2
Land area
258m2
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Property details

Listing # L39432821 | Listed on 24 February

These two 5-bedroom flats are positioned right in the heart of the university campus, just a couple minutes walk away from the central library and commerce building.
Securing quality tenants has never been an issue, and the rent has increased every year since 2018.

Set on a single title, the property returns a total of $1,990 per week and is leased until 29.12.2026.

Across the two flats there are:
• 10 bedrooms
• 4 bathrooms
• 2 separate living areas
• 2 kitchens
• A sunny, shared courtyard at the rear

There is consistently strong demand for 10+ bedroom flats around campus, yet very limited supply. This creates flexibility as while the property is currently configured as two 5-bedroom flats, there is the option to capitalize on that scarcity and pivot to a single tenancy agreement to one group of 10 across both dwellings.

For investors seeking reliable income, annual rent growth, and a location that will never go out of favour with prospective tenants, this is a interesting opportunity.

Link to 3D Tour - https://my.matterport.com/show/?m=69aSzGpapaw

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