11 Russell Street, City Centre, Dunedin, Otago

Two 2-bedroom flats on the one title is investment heaven, but this is one of the few times you walk into a property and go “wow”. You raise your eyebrows slightly as you adjust to the fact that this isn’t exactly what you expected to see in an older Dunedin rental property.

These flats have been beautifully refurbished, retaining the character features that people love about Dunedin’s period design, yet opened walls to provide a more modern open plan living environment. Tastefully, the owner has stripped back the original chimneys, exposed and sealed the brick to proudly show the raw construction of the fireplaces. Striking black ceilings contrast the white walls, with pendant lighting setting these rooms alight. Double glazing has been installed to most of the property, and modern kitchens and bathrooms with warm timber features, soften and complement the harsher elements of brick and plaster. Tenants effectively get the best of both worlds; a rare combination in an investment property.

Attracting discerning tenants in an area known for both maturing students and workers alike, the property has been signed for another full year in 2026 on fixed leases totaling $1,235 per week. The property is Healthy Homes compliant and the independent reports backing the claim are available in conjunction with a LIM and full Building Inspection Report.

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.