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ID#476223
South Dunedin
Dunedin
PBN over $379,000
4
3
120m²
(1,291.67 sq.ft.)
579m²
(6,232.3 sq.ft.)
proudly marketed by
Lawrence Peeters (BCom)
One Agency The Property Specialists -Dunedin
DUPLEX VALUE-ADD OPPORTUNITY! $379,000+
Earn up to $700pw in rent by completing flat B - do the math! Interest rates are at record lows and LVR restrictions have been removed so this is a great time to invest. Ideally you'll be in a trade, or have contacts in the trades to help complete this project.
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 (refer to the Agreement for the chattels list).
The front part (flat A) of the original house is currently rented to a very good long term tenant for $220pw.
The rear part (flat B) was about to undergo a major renovation. The owners circumstances have changed so this is for sale 'as is where is'. Rental appraisal when completed is up to $475pw. This should be popular as it would be modern, warm, sunny and has a great yard.
Council have indicated that another unit could be added at the rear. The application for building consent is currently on hold (in processing stage with council) so the new owner can confirm what they want to do and go from there. Check out the property information on my website, including a floor plan for flat B.
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.
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
Features
- Air Conditioning
Agent
Lawrence Peeters (BCom)
One Agency The Property Specialists -Dunedin
Licensed Real Estate Salesperson (REAA 2008), Member of the REINZ
Selling. Buying. Let's Talk.
Offering a truly personalised, premium service and collaborating with the best people in the industry ensures that I create a customised, carefully crafted campaign that highlights the key selling points of your property.
The quality and structure of your marketing campaign will determine the amount of separation you create from other competitive properties on the market.
Truly local and ingrained in the community, I have the contacts to reach buyers and sellers.
Honest, reliable, trustworthy and determined - with me you get full transparency and a genuine desire to help people transact seamlessly and without hassle.
My results and feedback speak for themselves, with a list-to-sell ratio of 100%.
Call Lawrence today on 021 992 993
or email lawrence.peeters@oatps.nz
read moreThis property was photographed by
Ewen Livingstone
Otago and Southland
ID#476223
South Dunedin
Dunedin
PBN over $379,000
proudly marketed by
Lawrence Peeters (BCom)
One Agency The Property Specialists -Dunedin