445 Dee Street, Gladstone, Invercargill City

12 bedrooms in Gladstone, approx. 12% return

Within a short distance of the city centre sits a beautiful and expansive property with endless moneymaking possibilities. This Gladstone delight on Dee Street is an ideal accommodation centre that's worthy of your inspection and business acumen.

There are ten bedrooms plus a two-bedroom self-contained flat. In the main house are a communal open-plan new kitchen and living area, one communal bathroom, a communal laundry, and four rooms with ensuite bathrooms - three of which are new.

Outside, prospective purchasers can benefit from two entertaining porches and ten car park spaces rented from a neighbouring property.

Rental Appraisal $2,300.00 per week for fixed term tenancies.

Currently, each of the ten bedrooms are listed on accommodation platforms such as booking.com and Airbnb for the following per-night fees:

• Room 1 - $125
• Room 2 - $150
• Room 3 - $135
• Room 4 - $75
• Room 5 - $90
• Room 6 - $90
• Room 7 - $90
• Room 8 - $90
• Room 9 - $90
• Room 10 - $135


There are currently three long-term tenants occupying the property and a potential employee who would like to property manage the property!

The main homestead is a credit to its current owners, but there's also more to this property than meets the eye. Adjacent to the tastefully decorated brick and roughcast home is a separate flat featuring two bedrooms, a new ensuite bathroom, walk-in wardrobes, and a new kitchen. There is also a carport outside and access to the two outdoor entertainment areas.

Opportunities exist to carry on this accommodation business or utilise the many bedrooms or bathrooms for other ventures. The possibilities are truly endless, so don't delay arranging your private viewing today.

LIM report and rental appraisal is available
Carparking space is Leased at $100pw
Room one has consent to add another disability ensuite and one consent to add another shower into the existing toilet in the main hall.

The property can be purchased as land and buildings only or with the business