Secure a high-performing asset in the heart of Dunedin’s premium student rental precinct. Positioned directly opposite the Alhambra Union grounds, this 1903 Melbourne-style brick terrace offers an unbeatable location and a proven rental history in a market seeing significant growth.

The Investment Highlights

• Strong Yield: Currently returning $1,290 per week on a fixed-term tenancy until 31 December 2026. At the asking price, this represents an approximate 7.2% gross return.
• Proven Value: This price point and rental yield were recently validated by the neighboring sale of 626 Great King Street - a near-identical property in layout and income.
• Growing Demand: With University of Otago enrollments up approximately 5% in 2026 (an increase of about 1,000 students), the demand for high-quality private rentals near campus is projected to intensify as students secure housing for the 2027 season.

The Property - this character-filled terrace combines historic brick construction with the practical upgrades required for modern tenancies.

• Accommodation: Six spacious bedrooms and two bathrooms.
• Infrastructure: Previously re-wired with modern electrical systems. The kitchen is modernized, functional, and well-suited for high-occupancy living.
• The "Vibe": The interior boasts a "funky" aesthetic that consistently appeals to the younger tenant demographic, ensuring the property remains a popular choice during the annual "flat-hunting" season.
• Low Maintenance: The private rear courtyard is finished in asphalt, providing a functional outdoor space with zero landscaping or lawn maintenance required. Access is via a shared private walkway at the rear of the terrace.

Compliance & Due Diligence - The vendor is committed to a seamless transition and has provided a comprehensive due diligence package, including:

• LIM Report
• Building Report
• Electrical Report

Any minor maintenance issues identified in these reports are currently being rectified and will be completed prior to settlement.

Healthy Homes Guarantee: A Healthy Homes assessment is underway. The vendor warrants that the property will be fully Healthy Homes compliant by settlement, undertaking any necessary work to ensure the new owner inherits a fully compliant, turn-key investment.

Location is the primary driver of student rentals, and 620 Great King Street is unmatched. Tenants enjoy an outlook across the established oak trees of the Alhambra Union grounds and a short, level walk across the park to the main University of Otago campus and lecture theatres.

Send an online enquiry to receive a full Matt Morton & Co Information Memorandum and additional property documentation for this high-yield North Dunedin staple.

Please contact me for a further discussion or to arrange a viewing appointment once the information has been reviewed.