156 Beach Street, Waikouaiti, Dunedin, Otago

Freehold investment with multiple residential tenancies and the potential for further development. Returning gross $154,440 per annum when fully tenanted.

Zoned residential with commercial land use, the ex-Beach Hotel is now home to 9 separate residential rentals. A mix of fixed term and periodic tenancies are in place, with one cottage currently vacant.

Comprised of three-bedroom managers dwelling, four 2015 built single bedroom cottages and four ex-motel units. There is also a separate garage for storage and shared laundry unit.

This is a strong cash-flow asset that presents further development opportunities for long term returns from multiple income streams. Viewing by appointment at your earliest convenience is highly recommended.