Located on George Street, within easy walking distance of the University of Otago, Otago Polytechnic, Dunedin Hospital and local shops, this property presents an appealing investment opportunity.
Originally built in the 1960s and extensively refurbished in 2005, the property is currently fully tenanted, returning $2,555 per week or $132,860 per annum gross. It comprises eight spacious, private studio rooms, each with its own ensuite and outdoor area. Every room is supplied with a fridge and panel heater. Shared facilities include a kitchen with dual cooking facilities, a communal dining area with a heat pump, and a separate laundry.
Opportunities on George Street are always in demand. Contact us today for further information. Viewing strictly by appointment for qualified purchasers.
