UNIVERSITY INVESTMENTS

Dunedin born and bred, Matt has been involved in the real estate industry for over 10 years.  Matt has worked in property management since 2005 and has specialised in selling investment properties since 2011, while also building his own investment portfolio. 

Being involved in all real estate facets has allowed Matt to gain extensive knowledge of the student investment market in particular and his clients have reaped the benefits.

Whether you’re buying, selling or looking to have your properties managed, Matt is always happy to offer his advice, opinions and services

Check out Matt's current University Investment Properties listings below:

 
2/ 3 ANZAC AVENUE - SECOND CHANCE

After a good result from the sale of the first unit, the vendor has decided to sell a second in this complex of 4 units, that hasn't missed a day of rent in the last 10 years. Developed in 2005, containing 4 bedrooms all with ensuites and an open plan kitchen living area this ideally situated central city property is fully double glazed, insulated and has a recently upgraded fire system. Fully tenanted for 2017 with a projected net income of over $35,000 ($44,720 gross) this is a solid investment with upside.

Proudly marketed by Matt Cutler of Cutlers  

Click here for more information

 
81, 83 YORK PLACE AND 88 CARGILL STREET - CENTRAL CITY DEVELOPMENT SITE

Located in the CBD, this prime 2512m2 site with two street entrances is the opportunity many developers have been waiting for. Zoning laws currently allow for 12 properties to be built (1 per 200m2) but one could also consider a potential commercial development (subject to council approval). Currently there are 17 bedrooms and 5 bathrooms spread over 4 student flats returning $114,140 for 2016.

 
Proudly marketed by Matt Cutler of Cutlers  

 

Click here for more information

 
44 PARK STREET, YOU WON'T FIND ANOTHER DEVELOPMENT OPPORTUNITY LIKE THIS

Currently on the 3165m2 site are 5 studio rooms, 2 one bedroom cottages and a 6 bedroom flat projected to return $128,440.00 gross for 2016. The vast area of the site allows for a total of 70 bedrooms (1 bedroom per 45m2) so one could develop another 57 rooms.
The chances of finding another site close to this size in the campus area are slim to none so you don't want to miss out here.

For more information please contact Matt Cutler ......

NOTE (Architect sketches available with potential development options)

 

 
SABINA APARTMENTS - FIRST CLASS INVESTMENT

These exciting apartments will suit investors looking for cashflow from a high quality asset. They will appeal to families wanting to house sons and daughters while at Uni in a comfortable, healthy environment and young professionals looking for a modern living solution. This could also be an ideal lock 'n leave option for people who require a base in Dunedin.

Featuring high end materials, luxurious fit out these are a high quality product setting a new standard in Dunedin.

click here for more information

 
165 FORTH STREET - A SIMPLE PRIME CAMPUS INVESTMENT - SOLD

Quality 5 bedroom property on 445m2 section in a sun trap in the heart of the campus, never any issues signing up tenants for this flat each year. Rented at $650pw for 2016 and advertised at $675 per week for 2017. This carefree investment is an absolute pleasure to own. Potential development opportunity subject to resource consent or change in District Plan

 

 
1/3 ANZAC AVE - FIRST TIME ON THE MARKET - RARE OPPORTUNITY - SOLD

One of four units in a very appealing complex that hasn't missed a day of rent in the last 10 years. Developed in 2005, containing 5 bedrooms all with ensuites and an open plan kitchen living area this ideally situated central city property is fully double glazed, insulated and has a recently upgraded fire system. Currently rented on a room by room basis with a gross income of $52,780 for 2016. Although it has been very successful letting on a room by room basis, this also makes for a fantastic 5 bedroom flat - Ideal if you're have children studying in Dunedin and are looking for something for them.
Vendor is holding off signing leases for 2017 so the purchaser can do with as they please.

 
97 FREDERICK STREET - WOW YOU MAKE THE CALL - SOLD

Commercial office space or convert to student accommodation. Located in the R 3 zone of the current DCC District scheme this property has five offices or 5 bedrooms. Two toilets and two kitchen areas, with parking up to 3 vehicles at rear of site. Beautiful but with some forethought could be converted to University Residential.
Auction to be held on site 97 Frederick Street 12 noon 23 June 2016.
Full information memorandum and inspection time phone the exclusive agents.
Property is being sold with vacant possession.

 
175 NORTH ROAD/ 1 NORTHUMBERLAND STREET - SOLD

Easy Care Investment or Possible Home and Income

An opportunity to purchase a reliable investment that requires minimal attention from the landlord and brings in positive cash flow.

This property consists of a one bedroom apartment rented at $190 per week, a two bedroom apartment rented at $230 per week and a garage currently leased for storage use. The apartments both have their own individual court yards and have recently been renovated including insulation in the ceiling and full re-wiring.  The property is very easy to let and requires minimal maintenance.

The vendor is motivated to sell!

 
A/63 QUEEN STREET DUNEDIN NORTH - SOLD

63A Queen Street $1,350,000 - 7.1% nett

Built only 10 years ago in a highly desirable location, this double glazed, & insulated 11 bedroom, 11 bathroom property caters to the needs of the majority of prospective studio room tenants. With a nett income of $8000 per month for 2015 this would be a great addition to any portfolio.

 
169/ 171 HIGH STREET - SOLD

Our very motivated vendor has spared no expense in upgrading this property including (but not limited to): re-roofing, re-wiring, re-plumbing, re-glazing, fireproofing and earthquake strengthening And now you can reap the long term rewards of his extra effort With a total nett income of over $170,000p.a, included in the sale are: -4 top of the line apartments  -39 car parks  -Gym -Delta substation on 21 year lease with rent reviews every 5 years. The apartments are currently grossing $122,460 per year while a basic fit out on the middle floor would increase that to $137,000 +. 

 

You’re getting a building that rents like a prime campus student property but at a much higher yield. 

 

This is a real growth area of Dunedin with the development of several historical buildings in close vicinity, including the Chief Post Office and BNZ building. The council plan on taking out several all day parks behind the Chief Post office to accommodate for new businesses and there is talk of taking out 200- 400 car parks to make way for a cycle lane. When you consider that the smallest of increases in the weekly car park rent can significantly increase your annual income, it's exciting to think what you could be earning off them in 10 years time without having to do anything. There is no catch here, you just need to be smart and give me a call

 
816 A&B CUMBERLAND STREET - SOLD

Consisting of two 2 bedroom apartments in a highly sought after location, this property has always ticked over nicely. Returning $500 per week for 2015, this is an affordable, hassle free investment.

 

 
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