Attention astute investors, this 7 bedroom property offers an excellent return in a fantastic location.
The Highlights: This large 221m2 (+/-) villa has been a fantastic investment for the current owners for the past 11 years and always popular to occupy with a 5.4% return. Currently rented for $924.50 per week - $48,074 gross per annum. This property offers 7 good sized bedrooms, some with built-in-robes and 4 that have access to the wrap-around decking area. 2 modern bathrooms plus open plan living that opens onto a sunny deck area complete with fantastic views over North East Valley and the Dunedin Botanical Gardens.
The Features: There has been a substantial amount of work over the years including an extension in 2008, a recent colour steel roof, partial double glazing, substantial ceiling, and floor insulation however there is still scope to carry out further improvements to potentially increase future rental income.
Easily heated by 3 heat pumps. There is also off street parking for 3 cars and an easy-care low maintenance section.
The Location: A short walk to plenty of popular amenities, including the New World supermarket only 350 meters away, the amazing "Beam me up Bagel" store, the Dunedin Botanic Gardens and the University & Polytechnic only a short 1.8km stroll away.
Bedrooms: 7 Bedrooms
Bathrooms: 2 Bathrooms
Chattels: Fixed floor coverings, Light fittings, Blinds, Curtains, Rangehood, Wall oven, Dishwasher, Smoke detector(s), Heated towel rail(s), Gas Cooktop, Heat Pumps x3, Bathroom Heaters x2, Clothesline, Drapes, Extractor Fans x2, TV Aerial
Exterior Cladding: Weatherboard
Joinery: Double Glazed - majority
Lot Features: Level, Mixed Contour
Feature Rooms: Laundry - Separate
Other Features: Balcony, Deck/Patio, Water Heating - Electric
Local Authority: Dunedin City Council
Disclose Sold Price: Undisclosed