Positioned in the heart of Dunedin’s student precinct, 540A Leith Street presents an opportunity to secure a substantial five-bedroom investment in one of the city’s most tightly held rental locations. Held on a unit title, Unit A is rented at $1,250 per week for 2027, providing an annual rental income of $65,000.
Configured across three levels, the ground floor provides a north-facing living area with excellent natural light, flowing directly into the kitchen. This level also includes a bathroom with shower and toilet, a separate laundry, and rear access to the property’s carpark. The first floor accommodates two bedrooms and a second bathroom, while the second floor offers a further three bedrooms. All bedrooms include built-in wardrobes and desks.
Constructed in the 1990s by the current owner and well maintained, the unit benefits from ceiling and underfloor insulation. Located within easy walking distance of the University of Otago and central amenities, it is positioned close to the services and facilities surrounding the university precinct.
The advertised property is Unit A only, with the option to also purchase the adjoining Units B and C, either individually or together. Each unit is held on its own unit title, providing flexibility for buyers looking to secure one, two or all three units. Purchased together, the three units provide a combined rental income of $195,000 per annum, with the vendor open to offers from $2.3 million for the complete three unit holding.
Info pack available including LIM report (and floorplans).
Contact Nick Berryman or Sharon Hyndman for further information and viewing arrangements.
