Listed: Thu, 18 Jun

$67,080 PA | Multi-Unit Property | 8.3% Return

56 A,B,C Ascot Street, Saint Kilda, Dunedin, Otago

Asking price $799,000

4 Beds
3 Baths
3 Living areas
596m² Land

Other Features

3 Separate toilets
2 Off-street parking
Home & Income potential

Attribute	Value
Property type	House
Parking	2 open car spaces
Agency reference	1795829

Positioned on what is arguably one of Saint Kilda's most desirable streets, this substantial property presents an outstanding opportunity for investors seeking strong cash flow, land bankers looking to secure a premium site, or developers who recognise the future potential of a property of this scale and location. Currently configured as three separate dwellings, the property generates a combined rental income of $1,290 per week, equating to approximately $67,080 gross per annum.

56A Ascot Street

-> 2 Bedrooms | 1 Bathroom

Tidy kitchen with separate living area Reliable long-term tenants Currently rented at $455 per week Fixed-term tenancy until 26 October 2026 Current rental appraisal: $510–$520 per week

56B Ascot Street

->1 Bedroom | 1 Bathroom

Excellent tenants in place Currently rented at $400 per week Fixed-term tenancy until 25 June 2027

A standout feature of the property is the extensive renovation completed to 56B. Significant improvements include a new roof, new kitchen, new bathroom, new flooring, new wall linings, and fresh interior and exterior paintwork, creating a modern, low-maintenance dwelling ready to perform from day one.

56C Ascot Street

->1 Bedroom | 1 Bathroom

Private fenced backyard Tidy accommodation Great tenant in place Currently rented at $435 per week Periodic tenancy

Offering immediate income, future rental growth potential, and a premium Saint Kilda location, this is an opportunity that will appeal to a wide range of buyers.

The owners have given clear instructions that the property is to be sold.Investment opportunities of this calibre and location are seldom available. Contact us today for further information or to arrange your viewing.

Please note: Viewings are available during scheduled open home times or by private appointment.

Public Download Link: https://www.ganeshrout.co.nz/current-listings/56-a-b-c-ascot-street-saint-kilda-dunedin

Open home times

No times scheduled

Property Files

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Request the files from Ganesh.

These property files are supplied by the agent and Trade Me Limited has no responsibility for the completeness or accuracy of the property files

Local Schools

IN ZONE musselburgh school
34 Marlow Street
291 m
Contributing (Primary), State, 145 enrolled
IN ZONE tahuna normal intermediate
31 Auld Street
514 m
Intermediate (Intermediate), State, 517 enrolled
IN ZONE trinity catholic college
340 Rattray Street
3.4 km
Secondary (Year 7-13) (Intermediate & Secondary), State : Integrated, 774 enrolled

IN ZONE st hildas collegiate
2 Cobden Street
4 km
Secondary (Year 7-13) (Intermediate & Secondary), State : Integrated, 465 enrolled
IN ZONE columba college
399 Highgate
4.6 km
Composite (Year 1-13) (Primary, Intermediate & Secondary), State : Integrated, 593 enrolled
IN ZONE john mcglashan college
2 Pilkington Street
5.4 km
Secondary (Year 7-13) (Intermediate & Secondary), State : Integrated, 532 enrolled
IN ZONE liberton christian school
5 Hillary Street
6.2 km
Full Primary (Primary & Intermediate), State : Integrated, 124 enrolled
IN ZONE dunedin rudolf steiner school
1 Fern Road
6.5 km
Full Primary (Primary & Intermediate), State : Integrated, 85 enrolled
OUT OF ZONE tainui school
41 Tahuna Road
1.1 km
Contributing (Primary), State, 246 enrolled
UNZONED bayfield high school
Shore Street
1.2 km
Secondary (Year 9-13) (Secondary), State, 575 enrolled
UNZONED kings high school (dunedin)
270 Bay View Road
1.3 km
Secondary (Year 9-13) (Secondary), State, 861 enrolled
UNZONED st brigids school (tainui)
57 Bayfield Road
1.4 km
Contributing (Primary), State : Integrated, 61 enrolled
UNZONED bathgate park school
213 Macandrew Road
1.5 km
Full Primary (Primary & Intermediate), State, 127 enrolled
OUT OF ZONE st clair school
135 Richardson Street
1.5 km
Contributing (Primary), State, 383 enrolled
UNZONED queen's high school
195 Surrey Street
1.5 km
Secondary (Year 9-13) (Secondary), State, 604 enrolled
OUT OF ZONE andersons bay school
92 Jeffery Street
2.1 km
Contributing (Primary), State, 284 enrolled
UNZONED carisbrook school
217 South Road
2.3 km
Full Primary (Primary & Intermediate), State, 338 enrolled
OUT OF ZONE otago girls' high school
41 Tennyson Street
3.2 km
Secondary (Year 9-13) (Secondary), State, 709 enrolled
OUT OF ZONE arthur street school
26 Arthur Street
3.6 km
Full Primary (Primary & Intermediate), State, 200 enrolled
UNZONED otago boys' high school
2 Arthur Street
3.7 km
Secondary (Year 9-13) (Secondary), State, 856 enrolled
UNZONED kaikorai valley college
Kaikorai Valley Road
4.1 km
Secondary (Year 7-13) (Intermediate & Secondary), State, 447 enrolled
OUT OF ZONE balmacewen intermediate
44 Chapman Street
5.1 km
Intermediate (Intermediate), State, 473 enrolled

While we've done our best to correctly list schools in this location, school zone information may not be exact, so please double check with the school.