Multi Unit, High Yield

Sold by Steven Field.

Multi-unit, high yield: the four magic words. Purchase this fantastic investment property and watch the money flow in.

Built of permanent materials in the 1970s as one home then enlarged in the late 1980s, this concrete masonry block and fibre-cement weatherboard dwelling with aluminium joinery is a hard-wearing and low maintenance structure.

What we have here are 3 x 2-bedroom units totalling 360 sq.m. in floor area. Appraisals indicates a total gross rental income per annum of $56,680 with flat A currently under-let.

Flats A ($300 pw, appraised at $335 pw) and B ($335 pw, vacant) have a similar layout as follows:
•open plan living area with heat pumps in each.
•2 x double bedrooms with built in wardrobes.
•Large bathroom combined with laundry.
•One carpark each
•Balconies from the living area.

Main home ($420 pw, owner occupied) is much larger and set over three levels. The following extra features of this unit mean the rent is higher and also make it appealing to the owner-occupier:
•Large kitchen with dining
•Separate lounge with sunken seating zone
•Family bathroom combined with laundry
•Master bedroom with ensuite and walk in wardrobe
•Huge double garage with one auto door.
•Downstairs studio space
•2 balconies and a rear patio.

All the units enjoy magnificent views down the Otago Harbour and receive fantastic levels of direct sunlight.

Transport links are unparalleled, with instant access to the motorway on-ramps, both north and south, and there are several bus stops in close vicinity.

Whether you are looking for a rental property or a home with income, get that money from the bank and into here for the yield you seek!

3D Virtual Tours below:
Main House: my.matterport.com/show/?m=coYwCzgZEWX
Flat A: my.matterport.com/show/?m=FMQsKg3DnLS
Flat B: my.matterport.com/show/?m=qSbXwk9VEWh

Additional Features

  • Bedrooms: 6 Bedrooms

  • Bathrooms: 3 Bathrooms, 1 Ensuite

  • Garages: 2 Garages

  • Chattels: Fixed floor coverings, Light fittings, Blinds, Curtains, Dishwasher, Stove x3, Drapes, Extractor Fan, Garage Door Remote x2, Heated Towel Rail x3, Rangehood x2 (not ducted), TV Aerial, Xpelair x2, Heat Pump x3, Fan Heater x2 (bathroom), Fridge/Freezer (main house), Black corner lounge suite, Pool Table, Spa Bath, Radiator Heater (bathroom), Rugs and Carpet (basement room), Satellite Dish x3 (Sky), Glasshouse (some panes broken)

  • Number of Living Rooms: 3

  • Vimeo Display Position: Start

  • Joinery: Aluminium

  • Roof: Longrun

  • Exterior Cladding: Concrete Block, Hardiplank

  • Lot Features: Fenced Partially, Mixed Land Contour

  • Other Features: Balcony, BBQ Area, Clothes Line x2, Garden, Verandah

  • Realestate.co.nz Set Sale Date override: Deadline Treaty

  • Trade Me Set Sale Date override: Deadline Private Treaty

  • Off Street Park: 2

  • Feature Rooms: Billard

  • Matterport Link (Realestate and Trademe Only): Https://my.matterport.com/show/?m=coYwCzgZEWX

  • Sale Location: 311 Highgate, Roslyn, Dunedin

  • Sale Rule: (unless sold prior)

Steven Field (Phone +64 21 047 1927)
Steven Field
Real Estate Marketing Consultant