386 Pine Hill Road, Liberton, Dunedin City

Hands off retirement scheme

16
16

Enquire about this property

16
16

386 Pine Hill Road, Liberton, Dunedin City

Hands off retirement scheme

Investment property For Sale

$2,950,000

About

Located in the heart of Pine Hill this complex of 16 self-contained one bed ownership units is an ideal long term, hands off investment.

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With spacious outdoor living areas, sunny aspect and the bus stop right outside, it's an ideal spot for the tenants. With a new 3-year head lease in place with the right to renew for a further 3 year period, it gives you as close to certainty as you can get. Its year one income stream is $211,900 with a 2% yearly increase. Ie in year three the income increases to $220,460.

The future potential to subdivide and separate the 16 units (resource consent already granted), gives you good options moving forward.

An extensive information pack is available and viewing is strictly by appointment, so contact Lane Sievwright for further details.

property details +

Web iD: DO10597
Approximate land area: 2995m2
Approximate floor area: 630m2
Rateable value: $1,350,000
Rates (DCC): $24218.75
Rates (ORC): $578.66

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Agent

Lane Sievwright

Lane Sievwright

Property Consultant

Mobile: 021 526 366
Direct dial: 03 470 2516