Well presented student residential investment
Unit titled duplex in heart of Otago University/ Otago Polytechnic campus. Double story, five bedroom, two bathroom unit. Built in 1993 by vendor, faithfully maintained and recently fully refurbished, repainted and renovated. Double glazed, integrated fire alarm, new appliances, new floor coverings.
This investment physically compares very favourably with other properties with similar returns.
Rented at $210/room/ week. Gross annual rental $54,600. 12 month lease.
Always 100% rented throughout its entire life.