55 Princes Street, Dunedin Central Otago 9011

This property is currently not available.

Dunedin City center investment opportunity. 2 commercial tenants on ground floor fronting Princes Street together with 1 level below Prince Street which has access from Moray Place Two well appointed apartments on top floor consisting of a two and a three bedroom unit. Property is currently returning $90,960pa Gross plus GST where applicable. Net income approx. $ 83,780 plus GST where applicable . Building has a seismic rating of 70% of NBS The apartments have been refurbished in recent times, and rent increase have been suggested for 2022. This is a prime opportunity to invest in a multi tenanted multi stream income property in Dunedin’s commercial center.
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