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Central City

23 Duncan Street, Central City, Dunedin

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506sqm Land area SQM
9 Bedrooms
2 Bathrooms

Offers/Enquiries Over NZ$879,000

Prime boarding house with high returns.


$879,000.00 (inc gst!).

Investor Alert! Seize this golden opportunity to add a lucrative asset to your portfolio. Presenting a meticulously maintained 9-bedroom boarding house, boasting not one, but two bathrooms and three toilets, ensuring maximum convenience for tenants. With a shared kitchen and laundry, functionality is optimized to accommodate multiple residents seamlessly. Impeccably tidy and professionally managed, this property guarantees hassle-free ownership.

Generating an impressive gross rent of $85,176 annually, every room of this establishment is fully occupied, promising consistent returns on your investment. Enjoy leisurely moments on deck spaces while tenants bask in the sun-drenched yard, enhancing their living experience and solidifying their loyalty.

This isn't just a property; it's a great investment opportunity waiting to be seized. The motivated out-of-town vendor is open to all offers, making this deal even more irresistible. With such potential for growth and prosperity, don't miss your chance to make your mark in the lucrative real estate market. Act now and secure your future success!


Steven Field

Steven Field

Residential Sales

Otago Realty Group Ltd, Bayleys,
Licensed under the REA Act 2008

Features

Investment


Generating an impressive gross rent of $85,176 annually, every room of this establishment is fully occupied.

Floor area


Meticulously maintained 9-bedroom boarding house, boasting not one, but two bathrooms and three toilets.

Location


Central Dunedin location.

Local amenities


Close distance to The Octagon, University of Otago, Roslyn and Mornington shopping centres.

Have your questions answered

Our agents are experts on all things in the property market, if you haven't found what you're looking for, please enquire with the listing agent now to have all of your property questions answered.

Request more information

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Property files

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