157 Queen Street

Income-Generating Gem with Add-Value Potential

Discover a student investment opportunity overlooking the heart of North Dunedin, a stone's throw from the bustling central campus. This substantial five-bedroom residence offers an ideal arrangement for discerning residential investors or parents considering a strategic purchase for their university-bound offspring.

Each bedroom is generously proportioned, providing ample personal space for older students to study and relax. One of the two bathrooms is an ensuite to a bedroom, offering the lucky occupant their own private facilities. The other four share a large modern bathroom with integrated laundry. The property itself has been attentively maintained, including a replaced roof, ensuring peace of mind for the new owner.

Currently, the house is on a fixed rental agreement at an attractive rate of $900 per week, secure until the end of December 2024. This presents a ready-made income stream, with a tenant base that's perennially in demand due to the property's proximity to educational establishments. The land size and zoning allows for additional bedrooms on the property, and with a Land Use Consent in place, the add-value proposition to the property is real. Increasing the rooms, and therefore rental income, will benefit a new owner.

Investors will appreciate the blend of steady rental yield and potential for long-term capital growth in this vibrant area. For parents, this is a chance to provide their children with a prime living space during their university years, and a savvy investment for the future. Don't miss out on this solid offering in a sought-after location.

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.