80 Prince Albert Road St Kilda, Dunedin City

Welcome to this unique opportunity in the heart of St Kilda, a property offering lifestyle, flexibility and multiple income streams all on one title.

At the front of the property, you'll find two established commercial tenancies providing strong rental income and immediate cashflow from day one. One tenancy is occupied by a well-established Chinese takeaway business, while the second operates as a retail premise. Positioned between the two shops is an additional shop space currently allocated to the takeaway business as storage, presenting future potential for reconfiguration or the possibility of creating a third income stream and further enhancing the property's earning capability.

Positioned privately at the rear is a spacious solid brick home built in 1993, featuring four generous bedrooms, two bathrooms, a large single garage and off street parking for up to three additional vehicles.

The home itself offers a versatile split level layout with excellent separation of spaces. Upstairs contains two large bedrooms and a good size bathroom complete with a corner spa bath, creating a comfortable retreat area with good elevated views from the upper level.

Downstairs offers two additional bedrooms, a bathroom and a separate living area, creating flexibility for extended family living, teenagers, guests or potential dual living arrangements. There is internal access to the downstairs area, along with two internal access points into the large single garage, adding practicality and convenience.

Further enhancing the property's unique appeal, the house also has internal access to the retail premises, creating exceptional flexibility for those wanting to operate a business from home, utilise the space for storage or maximise future use options.

What makes this property particularly special is the flexibility it offers.

You could live in the home while benefitting from the rental income from the shops, operate your own business on site or simply lease all components and enjoy the returns from multiple income streams.

With a potential combined gross income approaching $90,000 per annum, this property offers stronger cashflow than many traditional residential investments while still retaining the comfort and practicality of a family home.

Adding further confidence for buyers, a recent seismic assessment has been completed and the commercial building is not classified as earthquake prone under current legislation.

Opportunities like this are incredibly difficult to find, combining residential comfort, strong income potential and future flexibility in a sought after St Kilda location.

This is more than just a property, it's a home, an investment and an opportunity all in one.