Excellent investment opportunity. Three two-bedroom apartments located in Central Dunedin.
The property is currently fully tenanted although likely underlet, returning $785 Per Week ($40,820 Per Annum).
There is scope for increase through rent raise and renovations, or take the consistent returns in the current conditions.
One apartment has been renovated to new standards and is currently the highest returning apartment. The other two apartments are in good condition but need some tidying up in order to reach full returns.
The property is located in a great spot with wonderful views overlooking central Dunedin.
Very easy to let due to the location and proximity to town.
Contact agent for information pack and viewings.