50 Butts Road Lot 1 North Dunedin, Otago

Opportunities such as this in the University Campus area are becoming an increasingly rare find. Superbly located opposite the Caledonian Sports Venue, the nearby Cricket Oval, hockey and football grounds and the Stadium. Within walking distance of the Otago Polytech, Otago University, Dunedin Hospital and the Dental School. The West facing position allows for wonderful afternoon sun.

The property has been extensively upgraded, is in tidy condition throughout and has had a 100% occupancy rate over the past 5 years.

Comprising four high performing independent student flats with a total of 14 bedrooms, sited on 3906 sqm (+/-) of land
Flat 1 - 3 bedrooms, $390 pwk, Flat 2 - 5 bedrooms, $575 pwk,
Flat 3 - 4 bedrooms, $500 pwk Flat 4 - 2 bedrooms, $300 pwk.
Total Rental income of $1,765 pwk and $91,780 p.a.

If you would like to receive further information, please email us now.