42 and 42A Dundas Street, North Dunedin, Dunedin

Prime opportunity to add to your portfolio

This 1920's brick property presents a great opportunity to secure a prime campus location home with various development opportunities. On the market for the first time since built is this owner-occupied home that is located opposite the Alhambra Union rugby grounds and a very quick walk along the flat to the University and City Centre.

42 Dundas St is situated on a 369sqm (-/+) and offers 3 large bedrooms, a generous lounge with sunroom, large kitchen, and dining room with access to the back yard, Bathroom, w/c, and separate laundry which could also be converted into a sleepout/extra bedroom. The house offers, high stud walls, ornate ceilings, and character features of the era. This property also has the potential to add more bedrooms to increase future rental return.
42A Dundas St is a 246sqm (-/+) section with 2 brick garages on site and ready to develop by adding another investment property.
Or
Both properties occupy a combined 615sqm (-/+) giving the possibility of further future development being zoned inner city residential with the land size allowing up to 13 bedrooms, possibly 20 habitable bedrooms under the maximum development potential, subject to DCC Planning and Consents.

Seldom do properties in a good, solid condition and development potential come available. Excellent location, quick walk to Campus with the potential to develop and reap the benefits.