Tradies investment opportunity!

If you're in a trade - or have great contacts in the trade then here's a home/investment opportunity that's a bit outside the box, but it shouldn't be too difficult to get your head around it.. in a nutshell, this is an approved 2 unit building. The front part (flat A) of the original house is currently rented to a very good long term tenant. The rear part (flat B) was about to undergo a major renovation with council approved plans and a building consent in place. The owners circumstances have changed so this is for sale 'as is where is' - with the plans and consents. So a great opportunity for the savvy buyer with vision and a 'can do' attitude.

Options include: (a) long term rent both (b) live in B and continue renting out A (c) rent out A and short term accommodation flat B as this option has also been council approved (d) covert the property back to one house (change plans and amend consent) (e) clear the site and build a block of flats, likely three units. Apparently you may be able to add another dwelling in the rear yard, subject to council approval. If you decide on options a, b or c then a firewall is required between A and B and on the east wall (neighbouring dwelling).

Fully fenced (great fence) with a nice, flat, sunny north facing rear yard. Great location on the corner of tree-lined Baker Street with lots of shops and services, and only a short commute to the Esplanade, South Dunedin shopping centre or the CBD.

For extensive property information go to: www.lawrencepeeters.co.nz/recent-listings

Proudly marketed by Lawrence Peeters. Visit www.lawrencepeeters.co.nz

KEY DETAILS: *CV: $375,000 (01/07/19) *DCC Rates: $3,473.40 (multi-unit) *Floor area: 120m2 *Land Area: 579m2 (Freehold)

Additional Features

  • Bedrooms: 4 Bedrooms

  • Bathrooms: 3 Bathrooms

  • Chattels: Fixed floor coverings, Blinds, Curtains, Garden Shed, Children's Playground Slide, 2 x Gas Bottles, Flat A: Westinghouse Stove, Mitsubishi Fridge/Freezer, Fisher and Paykel Washing Machine, Goldair Bathroom Fan Heater, Manrose Bathroom Extractor Fan, Fujitsu Heat Pump Flat B: Westinghouse Stove, Daikin Heat Pump (disconnected), Rinnai Gas Califont (disconnected)

  • Number of Living Rooms: 2

  • Off Street Park: 2

  • Local Authority: Dunedin City Council

  • Joinery: Aluminium, Timber

  • Roof: Corrugated iron

  • Exterior Cladding: Weatherboard

  • Lot Features: Level, Garden, Fenced Fully, Corner Section

  • Other Features: BBQ Area, Deck/Patio, Water Heating - Gas, Water Heating - Electric

  • Style: Duplex

  • Sale Location: 308 Highgate, Roslyn

Lawrence Peeters (Phone +64 21 992 993)
Lawrence Peeters
Marketing Consultant - Real Estate Agent
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