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Matt Morton & Co Limited, (Licensed: REAA 2008)
Matt Morton Matt Morton

267 High Street, City Centre

Asking price $995,000

Listing Description

Listed: Wed, 28 Feb

Dual Flat Investment

267 High Street, City Centre, Dunedin, Otago

Asking price $995,000

Details

  •   6+ Beds
  •   2 Baths
Other Features
  •   2 Off-street parking
AttributeValue
Property type
House
Broadband in the area Fibre, ADSL, VDSL, Wireless

Description

This dual dwelling property offers two large 4-bedroom flats on one title, located just above the Central Business District of Dunedin. Refurbished in prior years, this pre-1900s property boasts modernised kitchens and bathrooms, a replaced roof in 2021, updated wiring, off-street parking and spacious double rooms.

This is a highly coveted tenant location, with High Street offering easy access to into the city and a nearby suburban shopping complex at the top of the hill, accessible by convenient and regular buses up and down the street. Off-street parking is also highly desired in this area, allowing tenants ease of parking any time of day.

The tenancies for both flats are currently maximised on a room-by-room basis, with the landlord supplying utilities. The potential gross income for the combined flats is approximately $1,950 per week but is on short term leases so can alter with tenant movements. If the property were leased with joint and several long-term tenancies, the income would be expected to be around $1,400 per week, with tenants responsible for their own utilities.

A detailed breakdown of associated estimated costs for rates, insurance and utilities can be found in our Information Memorandum, available on request.

Please contact me for a further discussion or to arrange a viewing appointment once the information has been reviewed.


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Matt Morton & Co Limited, (Licensed: REAA 2008)
Matt Morton

Matt Morton


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Matt Morton

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