North Dunedin
142 and 142A St David Street, North Dunedin, Dunedin
Offers/Enquiries Over NZ$1,200,000
High-quality investment opportunity
An exceptional opportunity lies here for astute investors to add to their student investment portfolio. Situated in a prime location next to the University of Otago and Otago Polytechnic, this sought-after student investment property consists of two well-maintained 4-bedroom homes.
Tenants enjoy modern living spaces, spacious double bedrooms, an outdoor BBQ area, year-round temperature control with double glazing, a sunny aspect, and convenient onsite parking. Both flats are well heated, with the bottom flat offering heat pumps in all bedrooms. This property is a real stand-out in the competitive Dunedin student rental market.
Located in the bustling Campus Precinct, this property is strategically positioned near educational institutions, as well as various hospitality, retail, recreational facilities, and entertainment options. The diligent efforts of our vendors to maintain the property to a high standard have paid off with high-quality tenants in place.
These attractive dual homes present a compelling investment opportunity for seasoned investors looking to expand their portfolio or newcomers entering the market. With a solid rental income secured until the end of 2024, this property also offers the opportunity for future rental growth.
Contact us for further information and set viewing times.
Muir Gold
Otago Realty Group Ltd, Bayleys,
Licensed under the REA Act 2008
Rachel Jones
Otago Realty Group Ltd, Bayleys,
Licensed under the REA Act 2008
Susan Wyngaarden-Low
Otago Realty Group Ltd, Bayleys,
Licensed under the REA Act 2008
Features
Location
Nestled in the heart of the bustling Campus Precinct, home to the University of Otago and Otago Polytechnic.
Parking
On-site parking for three vehicles.
Heating
Tenants enjoy year-round temperature control with double glazing and are well-heated, with the bottom flat offering heat pumps in all bedrooms.
Outdoor living
The terraced BBQ area is a fantastic outdoor living space for the two properties and is very popular with its tenants.
Potential
These have been rented readily which is a testament to the location, the size of the units, and the condition that the property is presented.
Views
The elevated position allows fantastic views across the University, Polytechnic, and Otago Harbour.
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