685 George Street, North Dunedin, Dunedin, Otago

Opportunities of this scale and calibre on George Street are increasingly rare, and this substantial 10-bedroom rental investment stands proudly as a standout performer. Perfectly positioned just moments from the University, this iconic property delivers a strong annual return of $104,000 pa, underpinned by consistently high tenant demand. Its proximity to campus, the city centre, and key amenities ensures ongoing appeal to the student and rental market year after year.

Behind the striking façade lies an expansive floor plan spread across multiple levels, offering generous communal spaces, numerous bathrooms, and a configuration ideally suited to large-scale residential letting. The sheer volume of space on offer is a rare find, providing both functional living and flexibility for future enhancement. Character lovers will appreciate the wealth of original features throughout — from soaring ceilings, ornate plasterwork and timber detailing, to leadlight windows and architectural flourishes that speak to a bygone era.

Whether you’re a seasoned investor looking to secure a blue-chip addition to your portfolio, or seeking a high-yield asset in a proven location, this is an offering that ticks all the right boxes: scale, income, character, and an irreplaceable George Street address. A true Dunedin classic with clear instructions to sell on or before 19th February!