59 Burns Street, South Dunedin, Otago - BlockOfUnits Sold on 19 12 2025

SoldDec 19, 2025

59 Burns Street, South Dunedin, Otago

Amount undisclosed

304 m²

607 m²

BlockOfUnits

•

30+ days on the market

Sold: Dec 19, 2025

What's around 59 Burns Street

Serious Opportunity - Circa 8.9% Gross Return

With a current rental income of $129,480 (less landlord costs), this low maintenance 2x5 bedroom studio unit complex exhibits a hassle-free investment for the seasoned investor. Built in 2022, and illustrating a gross 8.9% return, these units have been in hot demand with prospective tenants and are currently fully let. Five of the ten tenancies run through to 2026, while the remaining five have scheduled rent increases later this year. With interest rates trending downwards, this represents a quality, long-term offering with significant cashflow and future upside. Each furnished dwelling has a communal lounge and kitchen, while each studio room is separately metered and offers an ensuite plus bar fridge. Conveniently located to the city centre with virtually no maintenance headaches, this is a superb investment proposition that will serve you well now and into the future.

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Buyer's review

3 months ago

Verified Review

Great operator in his market

It was a real pleasure dealing with Jason. In real estate myself in a different part of the country, it was refreshing dealing with someone that communicated well, thoroughly understood what he was selling and always willing to assist. I hope to transact with Jason again.

Nathan Collett

Buyer

Seller's review

3 months ago

Verified Review

Met his own expectations on selling price and was reliable communicator.

Communication was informative and reliable. His assessment of the property value in the current market was quite accurate and he worked hard to achieve it. I would consider he knew the potential buyers top price and worked hard to achieve that. At all times he gave fair and accurate advice to me and in a very professional manner made the sales process very simple for me.

Seller