26 Ramsay Street, North Dunedin Otago 9016
Demand for development sites in Dunedin continues to increase, not only due to the tax benefits from building new but also because rents and property values in Dunedin continue to increase at an alarming rate, with no real signs of slowing down. The flat at the rear of the section is currently rented until 15/01/22 at $560 per week with new tenants taking over from 17/01/22 – 30/12/22 at $600 per week. Certified for healthy homes, it consists of 4 large bedrooms, spacious lounge with wood burner, modern kitchen, bathroom + separate toilet. The deck is positioned well for morning sun.
The front section is sitting there, just waiting for someone to develop it. Zoning rules allow for 1 bedroom per 100m2 so a further 5 bedrooms can be built (subject to building consent).
The ability to earn rental income from the while developing is one of the many positives that this property has to offer. Don’t let this be a missed opportunity.
Proudly marketed by Matt Cutler at Cutlers Real Estate