Multi income stream: The best of locations

OPEN HOME CANCELLED - THIS PROPERTY HAS NOW BEEN SOLD - What an incredible opportunity to secure a prime investment property in the super exciting, and very blue chip, Roslyn with its cafes, restaurants, bars, supermarket and the village centre all just a block away. We are on the market for the first time in 20 years and boast 2 flats under the one roof, both with fixed term tenancies to excellent long-term tenants. The upstairs flat, 26 Hereford Street, has 3 bedrooms plus a sunroom and is currently let at $325 per week until 31/12/2021 and the downstairs flat, 26A Hereford Street, is a one bedroom flat let at $195 per week until 06/12/2021. They are both being professionally managed and there is certainly some upside potential for the rent leading into the next rental cycle in December. There has been plenty of work done for you including re-roofing in commercial grade coloursteel, insulation upgrades and some interior work but there is still some value to be added by the lucky new owner with a possible exterior paint job first on the list. This has been a great investment property over the last two decades for my vendors and it is certainly no secret as to how the rental market in Dunedin is going from strength to strength with the hospital rebuild looming large on the horizon as well. This is a magnificent and truly exciting opportunity, bidding expected to start in the mid $400,000's sort of range, enquire now.

Additional Features

  • Bedrooms: 4 Bedrooms

  • Bathrooms: 2 Bathrooms

  • Chattels: Fixed floor coverings, Light fittings, Blinds, Curtains, Smoke detector(s), Stoves x2, Fujitsu Heat Pumps x2, Rangehoods x2, Clotheslines x2 (Flat A) Fridge/Freezer, Bathroom Heater, Baumatic Washing Machine (Flat B) Simpson Dishwasher, Simpson Washing Machine, Simpson Dryer, Goldair Bathroom Heater

  • Local Authority: Dunedin City Council

  • Joinery: Aluminium, Timber

  • Roof: Coloursteel

  • Exterior Cladding: Weatherboard

  • Lot Features: Level, Mixed Contour, Fenced Partially

  • Feature Rooms: Sunroom

  • Auctioneer: Chris MacLean

  • Other Features: Water Heating - Electric, Basement

  • Sale Location: 311 Highgate, Roslyn, Dunedin

Chris Maclean (Phone +64 27 227 2087)
Chris Maclean
Real Estate Marketing Consultant
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