63 Law Street, Caversham, Dunedin, Otago

This well-maintained six-bedroom property presents a compelling opportunity for investors seeking reliable income, long-term tenant stability and future upside.

The property is tenanted with long-standing occupants who have been in place since 2014 and are keen to remain, providing immediate continuity. Currently returning $715 per week, income is secured from day one of settlement. Zoned General Residential 2, the site also offers potential for future redevelopment, subject to Council approval.

Purpose-designed to support accessibility needs, the home comprises six bedrooms, two wet-floor bathrooms and an additional third toilet. A generous open-plan kitchen, living and dining area is well suited to shared living arrangements. Outdoors, the private fully fenced backyard includes a patio and ramp access, while wide off-street parking for two vehicles adds further practicality.

This is a proven investment offering certainty of income, established tenants and long-term holding appeal.

Land size: 608 sqm (+/-) Current rent : $715 per week DCC rates: $ 3897.57 p.a. ORC rates: $ 450.61 p.a.

Contact us to receive the full information pack, including the DCC LIM report, Healthy Homes compliance statement and further supporting documentation.