59 Burns Street, South Dunedin, Dunedin, Otago

With a current rental income of $126,464 (less landlord costs), this low maintenance 2x5 bedroom studio unit complex exhibits a hassle-free investment for the seasoned investor. Built in 2022, and illustrating a gross 8.5% return, these units have been in hot demand with prospective tenants and are currently fully let. Five of the ten tenancies run through to 2026, while the remaining five have scheduled rent increases later this year.

With interest rates trending downwards, this represents a quality, long-term offering with significant cashflow and future upside. Each furnished dwelling has a communal lounge and kitchen, while each studio room is separately metered and offers an ensuite plus bar fridge. Conveniently located to the city centre with virtually no maintenance headaches, this is a superb investment proposition that will serve you well now and into the future.