323 High Street, Dunedin Central, Dunedin City

Dunedin Gold Rush 2.0

11
5

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11
5

323 High Street, Dunedin Central, Dunedin City

Dunedin Gold Rush 2.0

Investment property For Sale

$1,075,000

7.7% (nett of costs) (2019)

About

This special multi-income property offers great cash-flow.

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Rental income for next year is set at $2,020 per week ($1,901 for 2018) with leases already signed for 2019. The top levels comprise x2 three-bedroom apartments with a 5 bedroom/3 bathroom flat downstairs. The hard work has been done. Bathrooms and kitchens remodelled and an exterior maintenance program just completed. Insulation is in place to fulfil the new 2019 requirements too. Tenants enjoy Gigatown-speed fibre internet, gas and electric water heating, and cast-iron radiators in every room for winter warmth. With extraordinary city and harbour views from each level, a deck, two balconies and a garden to the rear of the property, complete the package.

Whether you are looking for a straight rental investment proposition or a home and income scenario with Airbnb in the mix - there are many possibilities for this modernized character villa. Here is your chance to own a piece of Dunedin's heritage. These grand High Street houses were built for the city's wealthy bankers and merchants, who prospered after the Otago Gold Rush. With tourism and heritage playing an increasing part of the local economy and a new hospital on the way, Dunedin is set to become a boomtown once again. Plans are afoot to reinstate High Street's cable car – so it could become the San Francisco of the South Pacific too! Imagine what that would do to the appeal of the neighbourhood for Airbnb guests.

Take this opportunity to share in the city's prosperity and add this polished asset to your rental portfolio now. Do the sums and you will see how you can kick-start your own gold-rush.

property details +

Web iD: DO9993
Approximate land area: 419m2
Approximate floor area: 390m2
Rateable value: $580,000
Rates (DCC): $5510.38
Rates (ORC): $274.10

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Agents

Lane Sievwright

Lane Sievwright

Property Consultant

Mobile: 021 526 366
Direct dial: 03 470 2516

Clayton Sievwright

Clayton Sievwright

Property Consultant

Mobile: 021 191 5555
Direct dial: 03 4702517