1 Crown St

North East Valley Otago

422 m²

House

Currently for sale - view listing

Overview

Dual-Income Investment Attractive Yield

Savvy investors will immediately recognise the value on offer at 1 Crown Street. Combining a substantial five-bedroom rental property with a separately leased workshop/storage facility, this is a rare opportunity to secure a diversified investment generating strong cash flow from day one. The residential dwelling is currently rented at $850 per week, while the separate workshop/storage unit returns $250 per week, providing a combined income of $1,100 per week. Looking ahead, market evidence suggests potential rental growth to approximately $1,000 per week for the house and $300 per week for the workshop, creating a projected combined income of approximately $1,300 per week. Based on current market trends, rental growth of around 7–8% per annum appears achievable, providing investors with both immediate income and future upside. Investment Highlights * Five-bedroom investment property * Currently returning $850 per week * Separate workshop/storage tenancy returning $250 per week * Combined current income of $1,100 per week * Forecast combined income of approximately $1,300 per week * Approximately 8% gross yield * Strong student rental location with consistent demand * Additional income stream from workshop/storage facility * Potential rental growth of approximately 7–8% annually * Close to the University, CBD and local amenities Properties offering multiple income streams, strong tenant demand, and an attractive 8% gross yield are increasingly difficult to find. Whether you're a seasoned investor or looking to expand your portfolio, 1 Crown Street presents an outstanding opportunity to secure a high-performing asset with excellent long-term growth potential. *** prior Offers Considered *** Public Download Link: https://www.ganeshrout.co.nz/current-listings/1-crown-street-north-east-valley-dunedin