Amazing Opportunity

86 Melville Street, Dunedin Central, Dunedin

Price: Sold for $645,000
Sold
Price: Sold for $645,000

Deadline Sale 4pm Wednesday 19th December 2018 Calling all investors and developers. An amazing opportunity here with a 1200m² Central Dunedin section containing a five-bedroom colonial gent’s residence and a separately tenanted one-bedroom coach house.
Initial concept plans are available for six four-bedroom townhouses on the site. They would all have sweeping harbour views once site works are complete. In the meantime, the property is capable of a very good return. Currently the coach house is rented at $250 pw and upgrading of the five-bedroom residence has just been completed. A rental assessment will be available. Plenty of off-street parking.
A rare opportunity to land bank and earn income in central Dunedin. Cash in on the high demand for rental and investment property. Inquire today.


INSPECTION

  • By appointment

PROPERTY DETAILS

  • House Size: 200 Sqm
  • Land Size: 1214 Sqm

Location

86 Melville Street, Dunedin

Salespeople

GRAEME PENNELL

Gaining Nidd Realty Limited's annual top sales awards nine years running - from 2009 to 2018 - have been stand-out achievements in my real estate career. Since moving from...

KERRY SIZEMORE-GEORGE

Real estate is an amazing industry. I believe it is not only about property but, more importantly, about people. My advice for vendors "Don't go with the agent offering you...

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