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.
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**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
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**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.
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**56C Ascot Street**
->1 Bedroom | 1 Bathroom
Private fenced backyard
Tidy accommodation
Great tenant in place
Currently rented at $435 per week
Periodic tenancy
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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
