Situated on the corner of the award-winning Heritage View precinct, this impeccably maintained character property offers a rare combination of structural integrity and high-performance financial yields. Located just 600m from the CBD, the asset consistently attracts premium working professionals seeking quality, inner-city living.

Comprising two oversized four-bedroom apartments on a single title, the property has been subject to rigorous, long-term maintenance and extensive capital upgrades, ensuring a "turn-key" transition for the next owner.

Financial Performance & Tenancy

• Gross Annual Income: Approx. $124,000 for the 2026 period.
• Gross Yield: 9.3% (based on asking price).
• Net Yield: Approx. 7.0% (after rates, insurance, and direct operational costs).
• Occupancy: 100% occupancy secured on fixed-term tenancies through to 31 December 2026.

Asset Upgrades & Compliance

• Fire Safety: Recently Dunedin City Council consented fire separation between floors, including a fully integrated (interoperable) smoke alarm system.
• Recent Refurbishment: Complete interior refurbishment and full exterior repaint recently completed.
• Glazing & Comfort: All rooms are double-glazed, heated, and furnished with high-quality chattels.
• Configuration: Two separate flats, each featuring four bedrooms and three bathrooms (totaling 6 bathrooms across the asset).
• Versatile Layout: High-demand room configurations including ensuite options and kitchenettes.

Property Features

• Convenience: Two dedicated off-street car parks at the front of the property.
• Outdoor Living: Private rear courtyard with flowering shrubs and seating, plus a utility area with garden shed.
• Service Model: Professionally managed utility structure with electricity and cleaning included in the rent, maximizing tenant retention.

Due Diligence - a suite of property documents is available for review including:

• Dunedin City Council Code Compliance Certificate (March 2026)
• LIM Report
• Building Report
• Healthy Homes Report
• Electrical Certificate

This is an outstanding residential investment characterized by diligent ownership and exceptional cash flow. 310 High Street represents a blue-chip addition to any discerning portfolio.

We welcome all enquiries to discuss further or to arrange a viewing appointment.

Send an online enquiry to receive a full Matt Morton & Co Information Memorandum and additional property documentation.