451 Leith Street, Dunedin North, Dunedin City

Need high yield?

10
2
OSP

Enquire about this property

10
2
OSP

451 Leith Street, Dunedin North, Dunedin City

Need high yield?

University Investments For Sale

$414,000

12% nett (after ground lease) (2019)

About

These two, five bedroom flats on Leasehold land are always highly sought after by students.

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A few minutes’ walk to University, Both flats have good sized bedrooms with built-in wardrobes, tidy kitchens and bathrooms, and spacious lounge areas with heat pumps. Comprehensive chattels list. Off street parking for three vehicles. Currently rented at $127 per room, per week, $66,040 per annum for 2018 before ground lease of $20,600 providing income of $45,440 p.a. Room for further rental increases moving forward. Rented for 2019 at $1,350pw. Our vendor has owned and well maintained these flats for the past 27 years. Contact us for a full information pack.

To view other investment options see our website: www.propertyinvestments.nz

property details +

Web iD: DO9714
Approximate land area: 470m2
Approximate floor area: 120m2
Rateable value: $900,000
Rates (DCC): $5306.50
Rates (ORC): $1,212.22

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Agents

Clayton Sievwright

Clayton Sievwright

Property Consultant

Mobile: 021 191 5555
Direct dial: 03 4702517

Lane Sievwright

Lane Sievwright

Property Consultant

Mobile: 021 526 366
Direct dial: 03 470 2516