Dunedin Property

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157 Queen Street

Otago
5
2
N/A
N/Asqm
N/Asqm
157 Queen Street Otago
proudly marketed by
Matt Morton
Matt Morton & Co Limited
Income-Generating Gem with Add-Value Potential
Discover a student investment opportunity overlooking the heart of North Dunedin, a stone's throw from the bustling central campus. This substantial five-bedroom residence offers an ideal arrangement for discerning residential investors or parents considering a strategic purchase for their university-bound offspring. Each bedroom is generously proportioned, providing ample personal space for older students to study and relax. One of the two bathrooms is an ensuite to a bedroom, offering the lucky occupant their own private facilities. The other four share a large modern bathroom with integrated laundry. The property itself has been attentively maintained, including a replaced roof, ensuring peace of mind for the new owner. Currently, the house is on a fixed rental agreement at an attractive rate of $900 per week, secure until the end of December 2024. This presents a ready-made income stream, with a tenant base that's perennially in demand due to the property's proximity to educational establishments. The land size and zoning allows for additional bedrooms on the property, and with a Land Use Consent in place, the add-value proposition to the property is real. Increasing the rooms, and therefore rental income, will benefit a new owner. Investors will appreciate the blend of steady rental yield and potential for long-term capital growth in this vibrant area. For parents, this is a chance to provide their children with a prime living space during their university years, and a savvy investment for the future. Don't miss out on this solid offering in a sought-after location. 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.
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Upload by Ewen Livingstone
Otago and Southland
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