35 Forrester Avenue, Liberton, Dunedin

Investment Opportunity

Opportunity awaits here! This property is currently returning $2,400 a week in gross rent. Add this to your portfolio and actively manage the property, or enjoy the passive income and outsource the property management. Located at 35 Forrester Avenue, Liberton this site was developed in the 1950s with 16 units in place. Originally developed as a housing option for the aged this site is unique in that it is now managed as a rental/investment property with 3 one bedroom units and 13 studio units, rented at varying rates between $155 and $195 per week, returning $124,800 pa gross. Only 2 studio units are vacant. It is located in Liberton (otherwise known as Pine Hill) and has easy access to public transport with a bus stop at the front of the property on Pine Hill Road and vehicle parking in Forrester Avenue. The property is in a very pleasant setting in well maintained grounds. All units individually wired and with phone connections. Sale includes chattels; fridge freezers, new beds, leather couches and TVs in some units. Vendors are ready to move onto their next project. For more information please contact us now. Viewing by appointment only.