Investment opportunity-2 flats one title

This excellent 1900s roughcast 170sqm (approx.) villa has been split into two flats on an attractive 651sqm (more or less) section. Ideal for investors or home and income purchasers this property is also well zoned for development. Flat A consists of an open plan kitchen/dining/living area with heat pump and three large bedrooms with bay windows. The bathroom has a shower over bath and vanity. Water heating is electric. This flat has a large well fenced private yard and a utility building which houses the laundry. Flat B has two large sized bedrooms or (one bedroom and a lounge)and a small living area off the kitchen which also has the washing machine. Alternatively, this could be a one bedroom flat with separate lounge. Again the bathroom has a shower over bath and vanity and there is gas water heating. This flat has a private well fenced front yard with hedge privacy to the street. A single garage serves the property but on street parking is plentiful. Currently Flat A is rented until 6 Jan 2020 for $340 per week and Flat B for the same fixed term is returning $270 per week and there has been historic long term rental for the garage. LIM etc available. Invest now in this popular location close to the beach, schools and local shopping.

Additional Features

  • Bedrooms: 4 Bedrooms

  • Bathrooms: 2 Bathrooms

  • Garages: 1 Garage

  • Chattels: Fixed floor coverings, Curtains, Light fittings, Heat Pump x2, Stove - Electric, Washing Machine Taps, Bathroom Heaters x2, Panel Heaters x4 Washing Machine - Flat B

  • Style: Villa

  • Joinery: Timber

  • Roof: Corrogated Iron

  • Exterior Cladding: Rough Cast

  • Lot Features: Fenced Partially, Level

  • Local Authority: Dunedin City Council

Miles Rapley (Phone +64 27 201 0567)
Miles Rapley
Residential & Lifestyle Salesperson
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