A unique investment opportunity

Here is a unique opportunity to purchase a multi-unit property. Situated on a 822sqm (approx) sunny north facing section. The front property is a 1950s brick and tile 3 bedroom home. The kitchen/dining/lounge areas are open plan and are kept warm by a Yunca multi-burner on wetback, plus a wall-mounted heat pump. There is ceiling insulation and a heat transfer system ensures the warmth is circulated throughout the home. The bathroom consists of a shower over bath and vanity. There is a separate toilet and laundry and to the rear of the home is a covered area ideal for sheltered outdoor living or storage. The property has secure off-street parking for multiple vehicles. The middle dwelling is a plaster clad 1 bedroom flat with utility room and aluminium joinery. The kitchen/dining has excellent functionality and is heated by a heat pump. The bathroom consists of a shower, vanity and laundry, plus there is a separate toilet. A covered BBQ/utility area is located through a glass sliding door off the lounge. At the back of the section is a 54 sqm (approx) concrete block garage complete with auto roller door and a modern studio/games room above. The studio has internal access from the garage with double glazing and is heated by a heat pump. A tidy bathroom complements the studio with a large glass shower, vanity, toilet and laundry area. The room is well lit by a skylight and there is gas hot water. A feature is the exposed macrocarpa flooring and beams. Located in Ocean Grove it is popular with tenants who enjoy the coastal lifestyle. It would also be ideal for someone as a home and income with good cash flow to assist with the mortgage. The astute investor will see the potential to add value. Act now as this would be a perfect addition to your portfolio.
LIM Report is available on request.
Viewing by appointment

Additional Features

  • Bedrooms: 3 Bedrooms

  • Bathrooms: 1 Bathroom

  • Garages: 1 Garage

  • Chattels: Fixed floor coverings, Blinds, Curtains, Light fittings, Auto Garage Door Remotes x 2, Heat Pumps x 3, Stove - Electrical x 1, Hobs x 2, Microwave x 2, Rangehood x 2, Refrigerator x 3, TV Aerial, Washing Machine x 3, Washing Machine Taps, Waste Disposal x 2

  • Number of Living Rooms: 1

  • Style: Bungalow

  • Local Authority: Dunedin City Council

  • Joinery: Steel, Timber

  • Roof: Corrugated Iron, Tile

  • Exterior Cladding: Brick, Rough Cast

  • Lot Features: Fenced - Partial, Level, Street Frontage

  • Other Features: Water Heating - Electric, Water Heating - Gas

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