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.
Located in a tranquil valley right on the edge of the University of Otago campus, this 1997-built dwelling offers the perfect blend of modern durability and prime location. Specifically positioned to appeal to the discerning third-year student market, the property provides a quieter sanctuary while remaining mere minutes from lecture theatres. The four spacious bedrooms are designed for serious study, ensuring consistent occupancy demand and a premium rental return. Currently secured on a fixed-term tenancy for the entirety of 2026 at $760 per week, this is a "turn-key" addition to any portfolio with immediate, reliable cash flow.
The investment value is bolstered by a low-maintenance profile, featuring a rugged corrugated metal exterior and roof that ensures long-term durability. Investors and parent buyers alike will appreciate the full compliance with Healthy Homes Standards, complemented by an integrated ventilation system that maintains a dry, warm environment. The heart of the home is the expansive open-plan kitchen and living area, which flows seamlessly onto a wide, north-facing deck. This outdoor space soaks up the sun and offers serene views of the surrounding native bush, providing the high-quality lifestyle that attracts and retains top-tier tenants.
To ensure a seamless and transparent purchasing process, a comprehensive suite of documents is available for immediate review. This includes a full Building Report, LIM Report, and a current Healthy Homes Report, allowing you to complete your due diligence investigations with total confidence. As properties of this calibre in the University precinct are rarely available, early action is highly recommended. The property is being offered for sale via online auction; interested parties should prepare to submit their bids promptly to secure this high-performing asset before the hammer falls.
The property is open for Buyers to register and submit a bid from now until 6:00 pm, Wednesday 18 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 property further and arrange your private viewing appointment once the information has been reviewed.
