Strategic investors, take note. Opportunities to secure a multi-unit dwelling in the heart of Dunedin that is fully compliant and generating immediate cash flow are always popular. Located in a high-demand rental pocket popular with working professionals, this property offers a "set and forget" entry into the local market with genuine room to grow.
The Numbers & The Strategy
- Immediate Returns: Currently generating $1,415 per week.
- Stability: Staggered 12-month fixed-term tenancies ensure consistent cash flow and minimal vacancy risk.
- Simplicity: Four 1-bedroom flats housed within one building on a single title. No complex body corporate fees to navigate.
Compliance & Peace of Mind - we’ve done the heavy lifting so you can approach the property with confidence. A comprehensive due diligence package is available, including:
- Full Building Report & Electrical Report
- Current LIM Report
- Healthy Homes Certificates: Every flat is 100% compliant with current standards, meaning no immediate capital expenditure required for legislative upgrades.
Value-Add Potential - While the property is a consistent performer as-is, the savvy buyer will recognize the "value-add" play. The 1-bedroom configuration is one of the most sought-after rental bracket sizes in Dunedin. With simple cosmetic upgrades (think interior paint, modern flooring, or updated fixtures), there is scope to lift the rental ceiling and increase your yield.
Further land development is possible with the additional capacity of at least nine bedrooms onsite (subject to Council consents). The large flat rear section accessed by the shared driveway provides an obvious opportunity to construct further dwellings in the future.
Why Central Dunedin? - Walking distance to the CBD, George Street retail, and major employers, this location ensures a perpetual queue of quality working tenants.
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.
