Comprising two self-contained flats with a total of 10 bedrooms, 4 bathrooms, and generous open-plan living areas, the property has consistently attracted quality student tenants and has always been an easy property to let for the current owners.

Returning a combined $2,200 per week for 2026, with an increase to $2,300 per week for 2027, the property offers immediate cash flow and excellent income growth. Its proven rental history, combined with the ability to comfortably accommodate groups of up to ten tenants, makes it a highly desirable investment in a consistently strong rental market.

Positioned on a high-profile corner site, the property enjoys excellent natural sunlight and the added convenience of off-street parking - a valuable feature in this popular university precinct. The location is second to none, with George Street, the University of Otago, Dunedin Hospital, cafes, restaurants, and public transport all within an easy walk. This prime position continues to underpin strong tenant demand year after year.

Whether you're looking to expand your investment portfolio or secure a reliable, high-performing asset with excellent long-term prospects, this property represents an opportunity not to be missed.

A comprehensive information pack, including the LIM report, is available upon request.

Web iD: IN12320
Approximate land area: 422m²
Approximate floor area: 210m²
Rateable value: $900,000