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House

163 Maitland Street Dunedin Central, Dunedin City 9016

Sold on 3 Nov 2016
  • 6 Beds
  • 3 Baths
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House in Dunedin Central

3 FLATS FOR THE PRICE OF 1 AUCKLAND APARTMENT

  • 6 Beds
  • 3 Baths

Three separate flats all under one beautiful slate roof returning a total weekly rent of $960. Fully let for 2017 for $980 per week.
This well maintained attractive heritage property is situated on a 531m2 (+/-) sunny section offering great city and harbour views. The exterior was recently repainted and two of the flats have been enhanced with bathroom and kitchen renovations. Flat 2 features luxurious granite bench-tops, tiled bathroom and underfloor heating. With scope to refurbish the third unit, this presents an opportunity to increase rents further.
The configuration - with two generously proportioned one-bedroom apartments downstairs and the upper level containing a large four bedroom flat - lends itself to home and income or ideal as an Air BNB cash cow for your retirement.
This grand dame has an excellent rental history. Just off historic High Street, the property has always attracted quality tenants - a mix of mature university students who prefer to live just beyond campus and working professionals. University of Otago, Otago Polytechnic and Dunedin Hospital are all within easy walking distance as is the cafe life of Princes Street, High Street and the city's emerging Warehouse precinct. The local bus route offers regular transport to the University campus, the CBD and Mornington.
INCOME STREAMS:-
FLAT 1 - One bedroom: rented at $210 per week until end of 2016, signed up for 2017 for $220 per week.
FLAT 2 - One bedroom: re-signed for 2017 at $290 per week
FLAT 3 - Four bedrooms: Newly signed for $470 per week until end of 2017
So seize the opportunity and call now to arrange a viewing.

Features:
  • Electric Hot Water
  • Heat Pump
  • Iron Roof
  • Weatherboard Exterior
  • City Views
  • Harbour Sea Views
  • City Sewage
  • Town Water

See all features

Chattels:
  • Blinds
  • Drapes
  • F/Floor Cover
  • Light Fittings
Property ID:

DUN23089

Bedrooms:

6

Bathrooms:

3

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