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61 London Street, Dunedin Central, Dunedin City

Renovated Central City Investment With Development Potential

dollar

$999,000

House
House
Bedroom
6
Bathroom
3
Floor area
180m2
Land area
804m2
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Property details

Listing # L41285267 | Listed on 10 June

This central city property offers six spacious bedrooms with built-in wardrobes, three bathrooms (including an ensuite), open-plan living, double glazing, off-street parking, and excellent outdoor space.

It's no wonder it has already been signed to a group of girls for 2027 without the need to advertise.

The current tenants are a mixed group of 7 (one couple), signed until 30.12.26 at $1340 per week.

The 2027 agreement goes from 7.01.2027 - 29.12.2027 at $1350 per week.

There is real long-term value in the 804m2 site which allows for 17 bedrooms. With driveway access down the side of the house, there is a unique opportunity to add further bedrooms to the existing house and/or build separate dwellings at the rare of the section.

To summarize, this is a renovated property in a very desirable, central city location that basically rents itself every year. Driveway access gives a real opportunity to further develop the site which allows for up to 17 bedrooms (subject to DCC consent).

Link to 3D Tour - https://my.matterport.com/show/?m=BfQYGLaAEfj

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