59 Frame Street

Brick plus Capital Upside Potential Investment

Positioned in the high-demand rental pocket of North East Valley, this robust brick property represents a textbook addition to any residential portfolio. Extensively upgraded where it counts, this low-maintenance asset balances immediate compliance with genuine scope to increase yield.

Core Asset Features
- Structural Integrity: Solid, classic brick construction paired with a modernised metal roof, offering long-term peace of mind and minimized capital expenditure.
- Upgraded Infrastructure: Completely rewired throughout and Healthy Homes compliant at settlement, ensuring immediate, seamless tenancy transitions.
- Classic Interior: Features four well-proportioned bedrooms and two previously renovated bathrooms, explicitly designed to handle high-occupancy living without compromising on quality.
- The Layout: A highly practical, flat floor plan that maximizes usable space, making it an incredibly efficient and reliable rental performer.

Value-Add Opportunity
The property includes a substantial standalone external structure, permitted as a shed, but ripe for conversion to potentially convert into additional accommodation (sleepout/studio). This could significantly increase the weekly rental stream and overall asset value. For the strategic investor, this space represents a distinct opportunity for optimization:

Note: Any conversion is subject to due diligence. The incoming purchaser must verify council requirements, including resource consent, building consent, and fire rating compliance to ensure viability.

The Location
North East Valley remains one of Dunedin's most resilient rental markets. Enjoying close proximity to the University of Otago, local amenities, and public transport links, it consistently attracts a premium tenant demographic of senior students and young professionals.

Full Due Diligence Pack Available
To assist with a swift and transparent purchasing process, a comprehensive documentation pack is available for qualified buyers, including:
- Full LIM Report
- Independent Building Report
- Electrical Report
- Healthy Homes Compliance Report

This is a turn-key investment with a rock-solid foundation and clear upside.

Send an online enquiry to receive a full Matt Morton & Co Information Memorandum and additional property documentation.

Please contact me for a further discussion or to arrange a viewing appointment once the information has been reviewed.