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Listed 2 months ago

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ID#476223

482 Hillside Road,

South Dunedin

Dunedin
PBN over $379,000
4
3
120
579
* 120m²=1,292 sq.ft.   579m²=6,232 sq.ft. (0.06 Ha)

Open Home

Monday(1st Jun)
2pm - 2.30pm
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proudly marketed by
Lawrence Peeters (BCom)
Bayleys Metro – MREINZ
Lawrence
021 992 993
Message Me

DUPLEX VALUE-ADD OPPORTUNITY! $379,000+

Looking for a dual investment? Or home and income? Complete the sunny rear flat and you'll enjoy modern, warm, sunny living - with a sun-drenched, newly fenced back yard that's ideal for family play and entertaining.

In a nutshell, this is an approved duplex - a building divided into 2 flats. Furniture is included in flat A which is tenanted, and displayed hardware included in flat B.

The front part (flat A) of the original house is currently rented to a very good long term tenant.
The rear part (flat B) was about to undergo a major renovation with council approved plans and a building consent in place. The owners circumstances have changed so this is for sale 'as is where is' - with the plans and consents. So a great opportunity for the savvy buyer with a 'can do' attitude.

Options include: (a) long term rent both (b) live in B and continue renting out A (c) rent out A and short term accommodation flat B as this option has also been council approved (d) convert the property back to one house (change plans and amend consent) (e) clear the site and build a block of flats, likely three units. Apparently you may be able to add another dwelling in the rear yard, subject to council approval. If you decide on options a, b or c then a firewall is required between A and B and on the east wall (neighbouring dwelling).

Fully fenced with a nice, flat, sunny north facing rear yard. Great location on the corner of tree-lined Baker Street with lots of shops and services, and only a short commute to the Esplanade, South Dunedin shopping centre or the CBD. ANZ is now offering 12 month fixed rates at 2.79% and ASB 2.69% for a 2 year fixed rate; LVR restrictions have been removed, so this is a great time to buy.

For extensive property information go to: https://www.lawrencepeeters.co.nz/current-listings

KEY DETAILS: *CV: $375,000 (01/07/19) *DCC Rates: $3,473.40 (multi-unit) *Floor area: 120m2 *Land Area: 579m2 (Freehold)

Keywords

Property Type

  • Investment
  • Character

Features

  • Air Conditioning

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Agent

Lawrence Peeters (BCom)

Bayleys Metro – MREINZ

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

It all began for me in 2005, on a real estate philosophy based on trust, integrity and transparency, and a process to deliver outstanding results for clients.

Successfully selling residential real estate in Dunedin for over 14 years, Lawrence connects buyers to sellers by planning and executing effective marketing strategies and contract negotiation skills.

Lawrence upholds the highest professional standards and continually displays levels of customer service that exceed the clients expectations.

A wide referral network of highly satisfied clients and the best marketing reach ensures repeat business in a highly competitive and dynamic industry.

Highly qualified and with broad life experience, Lawrence looks forward to working with you.

WORKING TOWARDS ONE GOAL: YOURS

www.lawrencepeeters.co.nz

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This property was photographed by

Ewen Livingstone

Otago and Southland

ID#476223

482 Hillside Road,

South Dunedin

Dunedin
PBN over $379,000

Open Home

Monday(1st Jun)
2pm - 2.30pm
Show More
proudly marketed by
Lawrence Peeters (BCom)
Bayleys Metro – MREINZ
Lawrence
021 992 993
Message Me

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