Listed: Wed, 27 May

High yielding multi-tenancy investment

156 Beach Street, Waikouaiti, Dunedin, Otago

Price by negotiation

6+ Beds
6+ Baths
510m² Floor
3040m² Land

Other Features

1 Garage parking

Attribute	Value
Property type	Unit
Capital value (CV)	$1,140,000
Parking	1 car garaging
Agency reference	DNU226927
Broadband in the area	Fibre, ADSL, Satellite, VDSL, Wireless

Freehold investment with multiple residential tenancies and the potential for further development. Returning gross $154,440 per annum when fully tenanted.

Zoned residential with commercial land use, the ex-Beach Hotel is now home to 9 separate residential rentals. A mix of fixed term and periodic tenancies are in place, with one cottage currently vacant.

Comprised of three-bedroom managers dwelling, four 2015 built single bedroom cottages and four ex-motel units. There is also a separate garage for storage and shared laundry unit.

This is a strong cash-flow asset that presents further development opportunities for long term returns from multiple income streams. Viewing by appointment at your earliest convenience is highly recommended.

Open home times

No times scheduled

Property Files

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Local Schools

IN ZONE Dunedin Rudolf Steiner School
1 Fern Road
28.9 km
Full Primary (Primary & Intermediate), State : Integrated, 79 enrolled
IN ZONE Liberton Christian School
5 Hillary Street
29.2 km
Full Primary (Primary & Intermediate), State : Integrated, 138 enrolled
IN ZONE John Mcglashan College
2 Pilkington Street
30.5 km
Secondary (Year 7-13) (Intermediate & Secondary), State : Integrated, 528 enrolled

IN ZONE Columba College
399 Highgate
31.4 km
Composite (Year 1-13) (Primary, Intermediate & Secondary), State : Integrated, 608 enrolled
IN ZONE St Hildas Collegiate
2 Cobden Street
31.5 km
Secondary (Year 7-13) (Intermediate & Secondary), State : Integrated, 468 enrolled
IN ZONE Trinity Catholic College
340 Rattray Street
32.4 km
Secondary (Year 7-13) (Intermediate & Secondary), State : Integrated, 870 enrolled
UNZONED Waikouaiti School
6 Malloch Street
1.5 km
Contributing (Primary), State, 91 enrolled
UNZONED Karitane School
1260 Coast Road
4.1 km
Contributing (Primary), State, 27 enrolled
OUT OF ZONE Warrington School
Ferguson Street
12.6 km
Full Primary (Primary & Intermediate), State, 38 enrolled
UNZONED Palmerston School
Stromness Street
14.8 km
Contributing (Primary), State, 101 enrolled
UNZONED East Otago High School
Stour Street
15 km
Secondary (Year 7-13) (Intermediate & Secondary), State, 196 enrolled
OUT OF ZONE Waitati School
Mount Cargill Road
17.9 km
Full Primary (Primary & Intermediate), State, 54 enrolled
UNZONED Pūrākaunui School
8 Mihiwaka Station Road
18.4 km
Full Primary (Primary & Intermediate), State, 9 enrolled
UNZONED Port Chalmers School
30A Albertson Avenue
23.9 km
Full Primary (Primary & Intermediate), State, 82 enrolled
OUT OF ZONE Logan Park High School
76 Butts Road
30.2 km
Secondary (Year 9-13) (Secondary), State, 799 enrolled
UNZONED Otago Boys' High School
2 Arthur Street
32.1 km
Secondary (Year 9-13) (Secondary), State, 856 enrolled
OUT OF ZONE Otago Girls' High School
41 Tennyson Street
32.5 km
Secondary (Year 9-13) (Secondary), State, 710 enrolled
UNZONED Bayfield High School
Shore Street
33.9 km
Secondary (Year 9-13) (Secondary), State, 533 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.