The University of Otago Precinct - 8.0% Gross Return

Rarely does an asset of this scale and caliber enter the Dunedin market. This is a "set and forget" opportunity designed for the sophisticated investor seeking a commercial-grade yield within the resilient residential student sector. Comprising four high-capacity dwellings on a single title, this property offers immediate scale, robust cash flow, and a 100% NBS rating.

The Financials:

• Gross Income (2025): $231,920 PA
• Yield: 8.0% Gross Return on asking price
• Lease Terms: Fixed through 30 December 2026
• Operational Efficiency: Tenants responsible for all utilities. Landlord costs limited to rates, insurance, and building maintenance.
• Management: Professionally managed with an option for seamless continuity for the new owner.

The Asset: Modernized & Compliant - This isn't just a high-yielding asset; it is a well-maintained building with a clean bill of health.

• Configuration: 2x 6-bedroom and 2x 5-bedroom flats (22 bedrooms total).
• Seismic Strength: Recent engineering report rates the building at 100% NBS (Not Earthquake Prone).
• Recent Upgrades: The exterior professionally repainted in 2025 where required. Electrical circuits are fully modernized to current standards.
• Compliance: Fully Healthy Homes compliant (independent reports available).
• Parking: Eight off-street car parks (two per unit); a premium commodity in the campus area.
• Documentation: Comprehensive file available including LIM, Building, Electrical, and Engineering reports. All consents are in place for multi-dwelling use.

Location & Demand Dynamics - Situated on the flat, the property occupies a strategic "sweet spot" for student tenants. It is an easy walk to the central University campus and sits even closer to the local suburban shopping precinct, supermarkets, and the Marsh Study Centre.

Market Fundamentals:
1. Surging Enrolments: The University of Otago has seen a pivot back to growth, with 2025/2026 enrolment numbers increasing for the first time in years.
2. Demographic Tailwind: Growing school-leaver cohorts are underpinning a consistent supply of tenants into the Dunedin market.
3. Supply Constrained: With a distinct lack of vacant land near the University and prohibitive construction costs, new developments are virtually non-existent. This creates a significant "moat" around existing high-capacity assets.

"This is a premium, low-maintenance vehicle for capital. With demand outstripping supply and the heavy lifting of maintenance already completed, this represents the pinnacle of Dunedin student investment."

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.