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Three Flats, One Premium Location

Located in the heart of Belleknowes, a premium suburb with serious potential, is this exciting investment property offering 3 separate flats giving the new owner a mix of uses and excellent potential for growth and room to add value.

Flat 1 is located on the ground floor and offers a well equipped kitchen, central bathroom, good sized double bedroom with walk in robe and a large lounge room that opens to the rear deck over looking the back yard. Flat 2 is on the top floor with an open plan kitchen and lounge room with an outlook across Preston Crescent, there is a double bedroom and central bathroom. Flat 3 is also located on the top floor with a classic villa style entrance leading to a large double bedroom with built in robes, separate lounge room, central bathroom with shower over the bath and a large open plan kitchen and dining.

Each flat has a heat pump, hot water cylinder, electrical stoves, refrigerators and washing machines, they are also separately metered. The exterior of the house was painted 9 years ago and was scraped back to the original timber and was professionally prepped for the job making future painting a much easier task. There are long term tenants on periodic tenancies in each flat and a rental appraisal has been completed and is estimated for each to achieve $270 to $300 a week in today’s market.

When investment opportunities like this come to the market they are often well competed for, and it makes sense, to have this kind of flexibility is a luxury that offers security to adapt to market trends and provides you peace of mind whilst you watch this asset grow. Don’t miss out, contact Chris or Pete for further information.

Viewing by Private Appointment.

Location

57 Preston Crescent, Dunedin