545 South Road, Calton Hill, Dunedin

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: https://my.matterport.com/show/?m=coYwCzgZEWX
Flat A: https://my.matterport.com/show/?m=FMQsKg3DnLS
Flat B: https://my.matterport.com/show/?m=qSbXwk9VEWh