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56A Ascot Street

Saint Kilda Otago

4
3
2
596 m²
Other
Currently for sale - view listing

Overview

$67,080 PA | Multi-Income Property | 8% Return

Positioned on what is arguably one of Saint Kilda's most desirable streets, this substantial property presents an outstanding opportunity for investors seeking strong cash flow, land bankers looking to secure a premium site, or developers who recognise the future potential of a property of this scale and location. Currently configured as three separate dwellings, the property generates a combined rental income of $1,290 per week, equating to approximately $67,080 gross per annum. ************************************************ **56A Ascot Street** -> 2 Bedrooms | 1 Bathroom Tidy kitchen with separate living area Reliable long-term tenants Currently rented at $455 per week Fixed-term tenancy until 26 October 2026 Current rental appraisal: $510–$520 per week ************************************************ **56B Ascot Street** ->1 Bedroom | 1 Bathroom Excellent tenants in place Currently rented at $400 per week Fixed-term tenancy until 25 June 2027 A standout feature of the property is the extensive renovation completed to 56B. Significant improvements include a new roof, new kitchen, new bathroom, new flooring, new wall linings, and fresh interior and exterior paintwork, creating a modern, low-maintenance dwelling ready to perform from day one. ************************************************ **56C Ascot Street** ->1 Bedroom | 1 Bathroom Private fenced backyard Tidy accommodation Great tenant in place Currently rented at $435 per week Periodic tenancy ************************************************ Offering immediate income, future rental growth potential, and a premium Saint Kilda location, this is an opportunity that will appeal to a wide range of buyers. The owners have given clear instructions that the property is to be sold.Investment opportunities of this calibre and location are seldom available. Contact us today for further information or to arrange your viewing. _Please note: Viewings are available during scheduled open home times or by private appointment._ ***Prior Offers Considered *** Public Download Link: https://www.ganeshrout.co.nz/current-listings/56-a-b-c-ascot-street-saint-kilda-dunedin

Features

4 bedrooms
3 bathrooms
2 carspaces
2 open car spaces
596 m² lot size
Other

Happy sellers in Saint Kilda

70%
70% of sellers in Saint Kilda reported that their sale price either exceeded or met their price expectations.

Saint Kilda stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 78 reviews in Saint Kilda over the last 12 months.

Local market activity for 4 bedroom other properties in Saint Kilda

In the last 12 months, 2 four-bedroom other properties similar to 56A Ascot Street, have been sold.

This represents a 100% decrease in four-bedroom other properties sales when compared to the previous 12 months.

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