Top Student Investment

129C Forth Street, North Dunedin, Dunedin

Price: Enquiries Over $1,380,000
For Sale

Virtual Tour

Price: Enquiries Over $1,380,000

What a great investment this is.

The high standard of accommodation in each of the seven bedrooms of this property is underscored by the rents and rental history. A near 100% occupancy rate and weekly room rentals of $305 to $335 per week add up to a near $120,000 gross annual income and a net income of around $93,000 per year.

Modern, spacious and with great views over Logan Park, the rooms each have extensive chattels and are warm and comfortable. Some tenants have been here several years.

Of concrete construction, the building is in excellent condition and has been expertly managed for the current owners.

As close to a hassle-free investment as you are likely to see. Rating value $1.6 million.

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INSPECTION

  • By appointment

PROPERTY DETAILS

  • House Size: 289 Sqm

Location

129C Forth Street, Dunedin

Salespeople

GRAEME PENNELL

Gaining Nidd Realty Limited's annual top sales awards since 2010 have been stand-out achievements in my real estate career. Since moving from journalism to real estate in 2007...

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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