235-241 King Edward Street, South Dunedin, Dunedin

Multiple tenancies in affordable property

The property is currently part of a Body Corporate. Within the brick and iron building there are four unit titles each containing a shop with rear yards.
Nett rental from the four tenants is approximately $30,000 plus GST per annum.
The building has an appealing facade with an ornate parapet and a rolled iron verandah.
King Edward Street is the main shopping thoroughfare in South Dunedin. It services the large surrounding residential population.
This could be an ideal first investment or be an addition to an existing portfolio. A yield of circa 8% makes this a very attractive investment.