Fantastic university rental proposition fully tenanted to 31/12/2010 @$630 p/w.

There are many options for the incoming purchaser. As this property is located on city rise it could also suit a discerning buyer wanting to live in this great location so close ( but not too close) to Dunedin city.

You will need to wait until the end of next year if you want to move in but you can reap the reward of the rental income up to then.

Certainly a character property as the photos indicate and with a bit of an internal makeover could be greatly enhanced.

Close to Dunedin city as mentioned and also within meters of one of Dunedins premier girls schools ,St Hildas. Surrounded by some original and stately Dunedin homes combined with the fixed term lease this is a fine proposition for the wise investor.

Priced now post Auction at $450,000 represents a gross return of 7.28%.