9 & 9A Grant Street Dunedin Central, Dunedin City

Just a few minutes walk from town or the Mornington shopping centre is where you will find this great investment property with a twist.

Currently rented at $1159pw/$60,268 per annum - which includes the power and internet connection. This home has an adjoining 382sqm (+/-) section giving you a total of 1037sqm (+/-) of flat land zoned as "HIGH DENSITY" - yes that means you can build one bedroom per 45m2! This is a fantastic development opportunity allowing for up to 23 bedrooms! Do your maths and work out what a great retirement fund this would be, or simply land bank it in the meantime. Multiple bedrooms and two bathrooms, open plan kitchen, dining and separate lounge, plus a sunroom/office leading from one of the bedrooms.

This property is well insulated and heated by both a Yunca burner and effective heat pump. Lovely harbour views compliment the easy care section, along with sheds for additional storage plus garage.

A rare chance to claim a fantastic property with revenue and scope.

Auction: To be held on Thursday 29th August 2019 @ 5.30pm in our Dunedin Office, 12 Wharf Street (Prior Unconditional Offers Considered).