Well presented student residential investment
Well presented student residential investment
110A Harbour Terrace, North Dunedin
110A Harbour Terrace, North Dunedin
Offers/Enquiries Over NZD $850,000
Offers/Enquiries Over NZD $850,000
Listing ID 4603176
Image
Features
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5
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2
Details
Price Indication NZD $850,000
| Location | In Harbour Terrace across from expansive Logan Park and in central campus area. |
| Dwelling details | Five bedroom, two bathroom student flat with generous living areas. |
| Investment | Returning $54,600 per annum. 6.42% gross return on asking price of $850,000. |
| Year built | Built in 1993 by current vendor. Always popular with tenants. Has not had a day where unrented. |
| Outdoor living | Landscaped backyard which is very popular with tenants. |
| Heating | Heat pumps. Fully compliant with Healthy Homes legislation. Integrated fire alarm system operating on mains supply. Peace of mind. |
| Chattels | All new stove, fridge/freezer, washing machine, dryer. |
| Renovated | Fully repainted inside and out, new carpet, new bathrooms, double glazing. |
Description
Well presented student residential investment
Unit titled duplex in heart of Otago University/ Otago Polytechnic campus. Double story, five bedroom, two bathroom unit. Built in 1993 by vendor, faithfully maintained and recently fully refurbished, repainted and renovated. Double glazed, integrated fire alarm, new appliances, new floor coverings.
This investment physically compares very favourably with other properties with similar returns.
Rented at $210/room/ week. Gross annual rental $54,600. 12 month lease.
Always 100% rented throughout its entire life.
Robin Hyndman
Dunedin
Licensed under the REA Act 2008
| Mobile: +64 27 488 8450 |
| Office: +64 3 467 7142 |
| robin.hyndman@bayleys.co.nz |
Features
-
5
-
2
Details
Price Indication NZD $850,000
| Location | In Harbour Terrace across from expansive Logan Park and in central campus area. |
| Dwelling details | Five bedroom, two bathroom student flat with generous living areas. |
| Investment | Returning $54,600 per annum. 6.42% gross return on asking price of $850,000. |
| Year built | Built in 1993 by current vendor. Always popular with tenants. Has not had a day where unrented. |
| Outdoor living | Landscaped backyard which is very popular with tenants. |
| Heating | Heat pumps. Fully compliant with Healthy Homes legislation. Integrated fire alarm system operating on mains supply. Peace of mind. |
| Chattels | All new stove, fridge/freezer, washing machine, dryer. |
| Renovated | Fully repainted inside and out, new carpet, new bathrooms, double glazing. |
110A Harbour Terrace, North Dunedin
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Robin Hyndman
Dunedin
Licensed under the REA Act 2008
| Mobile: +64 27 488 8450 |
| Office: +64 3 467 7142 |
| robin.hyndman@bayleys.co.nz |
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