11 Lees St

Dunedin Central Otago

110 m²

205 m²

House

Currently for sale - view listing

Overview

$610/Week rental income – Motivated vendor

With the vendor committed to their next move, this is an opportunity to secure a property with an established rental income and broad appeal beyond the investment market. Currently rented at $610 per week to reliable, long-term tenants, the property offers investors income from day one. With a periodic tenancy in place, buyers also have the flexibility to consider their future plans for the home. Comprising three bedrooms and one bathroom, the home offers practical living with a touch of character. Neutral interior tones provide a versatile backdrop, and double glazing in the front two rooms adds warmth and comfort. The roof was replaced in 2014 and the wiring has been updated, giving peace of mind. A functional layout and additional outdoor space complete the package. The location is a real highlight. Just a short walk from Dunedin’s CBD, you’re close to the shops and cafés along George Street, Meridian Mall and public transport. In the other direction, the South Dunedin shopping hub is also within walking distance, with The Warehouse, PAK’n SAVE and a wide range of everyday retailers close at hand. This convenient setting makes the property especially appealing to first-home buyers and young professionals seeking easy city living. The vendor is motivated and the property is offered for sale by auction. Whether you’re looking to expand your portfolio or secure your first home, make sure this one is on your list. Contact us today to arrange a viewing and prepare for auction.