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

89 Carroll Street, City Centre

Asking price $1,265,000

Listing Description

Listed: Fri, 5 Apr

Multi-Dwelling Quality Investment - 7.5%

89 Carroll Street, City Centre, Dunedin, Otago

Asking price $1,265,000


  •   6+ Beds
  •   5 Baths
Other Features
  •   3 Off-street parking
Property type


This three-flat property is a wonderful investment that will attract high quality tenants year after year. The warm timber features throughout the property convey a more homely feel than most rental options, which offer a pleasant living experience for discerning tenants.

The street level entrance contains a 2-bedroom and 3-bedroom flat that are side by side and spread over generous floor areas. They come fully furnished with quality chattels and are rented on fixed term tenancies for 2024. In the past they have been utilised for AirBnB accommodation which gives an indication to the quality level of the property.

The basement flat is a 3-bedroom dwelling on a fixed term tenancy, comes partially furnished and is of the same high quality as the flats above. Each flat has its own off-street carpark at the rear of the property, although walking to work in the middle of town is only a 10-minute stroll. This is the perfect location and accommodation for young professional tenants.

The rent roll for 2024 is $1,825 per week producing a 7.5% return against the asking price. This is a set and forget style of investment that you will want to own for quiet and tasteful tenants.

Send an online enquiry to receive a full Matt Morton & Co Information Memorandum and additional property documentation.

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


Agent's details

Matt Morton

Matt Morton

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

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