Dunedin Central
Dunedin City

ID#457287
Listed 10 days ago

$2,395,000
SOLD
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Property Details

Location:
Bedrooms
Bathrooms
Garages
Dunedin City
Otago
201210

Building
Land
Built In
N/A N/A

The Grand Duke of York

Sitting proud overlooking Dunedin is the majestic York Court; a well established and very tidy block of 12 apartments that standout as first choice for many tenants.

The owners have been fastidious in their maintenance of the building and have taken pride in delivering to their tenants some the best presented apartments in Dunedin. The main building has been re-roofed and double glazed in recent years, with older style but very tidy interior spaces.

The location provides a quiet living environment, surrounded by other medium to high end residential housing, and while their is ample on street parking, the ten single garages only add more value to these apartments.

Elevated to capture all day sun and some of the best views Dunedin has to offer, these apartments are a solid investment opportunity for the astute buyer. Currently tenanted for $3,335 per week, a recent rental appraisal suggests there is room to move rents with improvements and the large land size offers further future development, subject to the new Council 2GP zoning rules.

4x 1-bedroom apartments + 8x 2-bedroom apartments
10 single garages
Total Land area 1978 m2 (more or less)
Double glazed and re-roofed in recent years
Tenanted approximately $3,335 per week

For a full Colliers Information Memorandum, 3D Virtual Tours and additional property documentation, please go to www.colliers.co.nz/214173 and download from our "DATAROOM" button (on desktop version only, not mobile).
Viewings are by private appointment only with our Brokers.

Other investment options at www.colliers.co.nz/student-investment

Sales Consultants

Matt Morton


Colliers International
Licensed Real Estate Salesperson (REAA 2008)
Member of the REINZ
Phone: 03 471 6734
Mobile: 021 577 800
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http://www.colliers.co.nz/Student-Investment

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Ewen Livingstone
ewen.livingstone@open2view.com
021 1216516
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