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North Dunedin

142 and 142A St David Street, North Dunedin, Dunedin

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381sqm Land area SQM
8 Bedrooms
2 Bathrooms

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

Muir Gold

Residential, Commercial and Industrial Sales and Leasing

Otago Realty Group Ltd, Bayleys,
Licensed under the REA Act 2008
Rachel Jones

Rachel Jones

Residential and Commercial Sales and Marketing

Otago Realty Group Ltd, Bayleys,
Licensed under the REA Act 2008
Susan Wyngaarden-Low

Susan Wyngaarden-Low

Residential Sales

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.