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Listed 3 months ago

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ID#474311

129b Forth Street,

North Dunedin

Dunedin
$1,395,000
0
0

Blue Chip Campus Investment

This property offers an opportunity to secure a blue chip investment in the heart of the campus area. Just minutes' walk from the University and across the road from the Polytechnic.

This modern 7-bedroom, 7-ensuite property is low maintenance, high quality and in a favourite location. Currently set up with individual tenancies over a 45 week period and returning $2,477 per week, there is opportunity to rent the remaining weeks of the year to increase return.

The communal areas are modern and tidy with a high quality fit out. The bedrooms are large and bright and well equipped with an extensive chattels list.

The property rents well, with many tenants staying multiple years, appealing to mature or senior students, international students and student couples looking for their own space.

The vendor has maintained the property to a high standard with continued improvements over the last seven years, including replacing six of the heat pumps, painting, carpeting when required, a sensor light system in the hallways and the kitchen was renewed a few years ago including new ovens and induction hob cooktops.

• Modern 7-bedroom, 7-ensuite property
• Prime location attracting both University and Polytechnic students
• Rented for 2020 on individual 45 week fixed leases

To view a 3D Virtual Tour of the property, click here: https://bit.ly/3cuQ3Fe

A full Colliers Information Memorandum and additional property documentation including LIM are available on request.

Viewings are by private appointment only with our Brokers.

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Agent

Matt Morton

Colliers International

Licensed Real Estate Salesperson (REA 2008), Member of the REINZ

Matt Morton is a specialist Residential Investment Broker for Colliers International Dunedin. Partnered with Andy Connelly, the pair focus on selling rental properties, apartments and student flats across Dunedin City.

Matt’s inception into real estate started in 2011 and was tasked with introducing the Colliers brand into the residential investment market in Dunedin. With 20 years of business and commercial management experience, Matt quickly developed a reputation for a very high level of quality and professionalism and introduced a residential investment selling strategy that still exceeds buyers’ and clients’ expectations from the real estate sector.

He is trusted by clients nationwide and abroad to deliver a smooth sales process leading to top sales in his markets and his local knowledge and understanding of the market is called upon by an array of stakeholders throughout the investment property sector. Matt now leads the residential investment team in Dunedin and continues to command the respect of his peers and investment community.

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This property was photographed by

Ewen Livingstone

Otago and Southland

ID#474311

129b Forth Street,

North Dunedin

Dunedin
$1,395,000
proudly marketed by
Matt Morton
Colliers International
Matt
021 577 800
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