PROPERTY VIDEO

5 Incomes - Untapped Potential - One Smart Move!

Positioned in a prized pocket of Dunedin just moments from the CBD, this five apartment investment property offers a rare blend of strong holding income, future upside, and the kind of flexibility that makes long-term sense. Whether you're looking to anchor your portfolio with a proven performer or explore the potential to live in one and let the rest pay your mortgage — 51 Manor Place plants that seed.
Set on a freehold, residentially zoned site with a generous courtyard, off-street parking, and three basement garages (complete with laundry and toilet), there’s further scope for development or value add. Each apartment has its own unique layout, and all are currently tenanted, providing immediate income from day one.

• Two apartments on each floor, offering a mix of one and two-bedroom layouts
• Some include a sunroom, others feature a balcony
• All apartments enjoy a view — the higher you go, the better they get
• Top-floor penthouse boasts expansive rooftop and city outlooks
• Character touches throughout with functional, well-kept interiors

Additional features include three basement garages with their own entry off the street — currently unused but fitted with a toilet and laundry facilities, offering further potential for development, storage, or workshop space. The large central courtyard is shared by residents and offers further potential for those with vision.
This is a smart, income-producing asset with a long view — whether for pure investment, partial owner-occupation, or future value uplift.
All fully occupied with a current rental return of $99,320.
There will be a viewing opportunity at the property this Monday prior to Deadline. Please call either Sharon or Chloe for fixed viewing times.

Location

51 Manor Place, Dunedin Central