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ID#579647
558 Great King Street,
North Dunedin
Dunedin
PBN
19
proudly marketed by
Bradley Lee
One Agency The Property Specialists -Dunedin
Inner City Investment or Development Opportunity
Located just a 2-minute walk from the university and 10 minutes from the city centre, this exceptional 767 m² inner-city residential property offers a rare opportunity for astute investors and developers.
Currently featuring a 19-bedroom boarding house with a strong rental history, the property provides a substantial income stream. This makes it ideal for investors seeking solid cash flow while planning future development. With a high demand for student accommodation, this property guarantees high occupancy rates, ensuring continuous rental income.
The property is zoned for development of up to 45 m² per habitable room, presenting significant potential to transform the site into a high-density residential project. Whether you envision modern apartments or a new boarding facility, the possibilities are vast, given the prime location and generous land size.
For developers, this is a golden opportunity to capitalize on the proximity to both the university and the city centre, areas known for their strong rental demand and capital growth. The existing structure allows you to generate revenue as you work through the consent process, minimizing holding costs and maximizing returns.
Alternatively, if you're an investor looking to secure a property with long-term rental appeal, this boarding house offers excellent returns with the added benefit of future development potential.
Don't miss this chance to secure a premium inner-city location with immediate income and long-term growth prospects. Contact us today to learn more or to arrange a viewing.
Location
Agent
Bradley Lee
One Agency The Property Specialists -Dunedin
Licensed Real Estate Salesperson (REAA 2008), Member of the REINZ
Bradley Lee is a dedicated sales agent who has gained a reputation for providing exceptional service and working tirelessly for his clients to get the best possible outcome. Bradley’s commitment to delivering outstanding results is well known throughout his database of clients and to the wider Dunedin community.
Bradley has a keen ability to provide careful attention to detail when advising vendors on the best way to market their property with a tailored approach and the use of cutting edge marketing technology. He is known for his strong negotiation skills and thoroughly enjoys being able to share his detailed local knowledge with his clients.
As a sales agent, Bradley is aware of the importance of building strong personal relationships on both sides of a property transaction and ensures every contact with a new or existing client is an opportunity to raise the benchmark in the quality of his service, advice and results. He is well equipped to help home sellers with their property decisions throughout Dunedin.
If you are considering making a real estate decision in the near future, Bradley would love to provide you some professional advice.
read moreThis property was photographed by
Ewen Livingstone
Media Specialist
Otago and Southland
ID#579647
558 Great King Street,
North Dunedin
Dunedin
PBN
proudly marketed by
Bradley Lee
One Agency The Property Specialists -Dunedin