City Centre Dunedin - Dunedin City 54 Duncan Street, City Centre Dunedin, Dunedin City, Otago 9016

  • 2
  • 2

For sale

$490,000

Add-Value Investment or Home - Two Flats

INVESTORS

The property contains two one-bedroom flats that are ripe for budding renovators to upgrade and add-value, or likewise hold with sitting tenants keen to stay.

The upper flat has relaxing views up the harbour from the living area and a renovated, modern bathroom is already in place. Some modifications to the flat could see a good improvement in future years.

The lower street-level flat could benefit from an upgrade to the kitchen and bathroom areas if desired, with future rent earnings promising in the current hot tenant demand environment.

Located in a popular rental area close to the city, one-bedroom flats are always in demand, proven by the long-term nature of the current tenants who have both been in residence since 2018 on periodic tenancies.

HOME-OWNERS looking to get on the property ladder or closer to the city

Buy the whole house and make it your home on the edge of the city. Plenty of opportunity to convert the two storeys and outside patio into a sunny multi-roomed home. Start by living in one flat, rent the other and save for the renovations.

To view the 3D Virtual Tour of the property for:
- 54A (upstairs) - bit.ly/3ovoKkF
- 54B (downstairs) - bit.ly/3wjmCiv

A full Colliers Information Memorandum and additional property documentation including LIM and Electrical Inspection Report are available on request.

Viewings are by private appointment only with our Broker.

Other investment options at colliersotago.co.nz

Property Details

Ref

  • 20669514

Property type

  • House

Floor area

  • 120 sqm

Land area

  • 119 sqm

3D Walk-Through

Location 54 Duncan Street, City Centre Dunedin, Dunedin City, Otago 9016

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Matt Morton

Investment sales broker

Dunedin Office

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