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

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,, 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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