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

588 & 590 Castle Street North, North Dunedin

Asking price $1,100,000

Listing Description

Listed: Wed, 13 Mar

Quintessential Castle Street - 7.25%

588 & 590 Castle Street North, North Dunedin, Dunedin, Otago

Asking price $1,100,000

Details

  •   6+ Beds
  •   2 Baths
AttributeValue
Property type
House
Broadband in the area Fibre, ADSL, VDSL, Wireless

Description

Affectionally named the Fridge and Fridgette, these two 7-bedroom flats, available separately or together (for $1,100,000 each), are part of the varsity ethos and culture, hence every year students line up to secure these for their quintessential flatting experience.

Located at the closest end of Castle Street to the main University Campus, they are so popular with students that they are amongst the first every year to be signed with new tenants for the following year. Both flats have leases already signed for 2025 at $1,540 per week.

Each flat contains two bathrooms, with two hot water cylinders to satisfy the hot water needs of the female tenants, plus generous bedrooms to accommodate all their belongings and large lounge spaces for entertaining friends and passing time between lectures. This is exactly what many students consider their favourite flat with fond memories being made of their year on Castle Street.

The opportunity to own such a strong performing investment asset on Castle Street is available only rarely and the Vendor has considered this one of his best rental investments. It is time for him to pass the asset to the next prudent owner.

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


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Matt Morton

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