Multi-use Investment


19A Queen Street, North Dunedin

By Negotiation

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Multi-use Investment | 19A Queen Street, North Dunedin | 4601114 |      X Close
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Multi-use Investment


A fantastic opportunity to secure a prime university investment in Queen Street.

This multi-use, two-storey property includes two self-contained flats, Flat A upstairs consists of four-bedrooms and Flat B downstairs consists of one double bedroom, both fully furnished. With a combined weekly rent of $1,100 ($670 upstairs and $430 downstairs) $57,000 per annum.

The current owner has maintained and made substantial upgrades to this property, including a coloursteel roof and converting the basement into the modern one-bedroom self-contained flat, that is double glazed, warm, and spacious with its own laundry and terraced courtyard. Currently this flat utilises the single garage.

Flat A upstairs is on a fixed tenancy ending the 30th of Dec 2021. The kitchen, bathroom and windows throughout this flat have been professionally painted and partially double glazed.

Flat B downstairs has just become vacant, giving the new owner an opportunity to occupy themselves, re-rent as short-term accommodation, or as a fixed tenancy. Currently managed by 4SPM Ltd, https://www.4spm.co.nz/, who have easily tenanted this property in the past.

Easy care section for tenants to maintain, both flats capture great morning sun and have a pleasant outlook.

Within walking distance to Otago University, Hospital and the CBD, Queen Street is a popular street for students, giving the new purchasers a secure investment moving forward.

Deadline sale 21/07/2021 4pm. Unless sold prior.

19A Queen Street, North Dunedin

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