74 London Street, Dunedin Central 9016
This inner city 7 bedroom, 2 bathroom property has been rented to students for a number of years now. A reliable earner currently rented at $1120 per week until 31/12/19 and increasing to $1155 per week for 2020. If that isn’t enough for you, the 2GP has come into effect which allows for up to 16 bedrooms to be built on the 723m2 site (1 per 45m2). The building is positioned towards the back of the site allowing for someone to potentially develop the land in front while still receiving income. Land is scarce as it is, especially in the city and they aren’t making any more of it, so if you’re looking for a project then you should think seriously about this one because a similar opportunity may not come up for quite some time.
Tender Closes at 4.00pm on Friday the 18th of October 2019. (No Prior Offers)
Proudly Marketed by Matt Cutler of Cutlers Real Estate.