Ready to Invest? Great Yield in Dunedin

92 South Road, The Glen, Dunedin - $284,000

This is a Multi Income Property that has been a great long term rental investment for the current vendors.


Highlights:

Property Features: 1 Br and 1 Br

  • Price: $284,000
  • Gross Yield: Potential 7.6%
  • Capital Value: $215,000
  • Rental Status: $410 p/w
    Currently $210 p/w and $200 p/w
  • Rent Appraisal: $420 p/w
    $210 p/w and $210 p/w
    Written Appraisal available to potential purchasers
  • Annual Rates: $2,983
  • Estate Type: Freehold
  • Floor Area: 120m2
  • Land Area: 478m2

Are we close?

If this property is not quite what you are looking for, contact the agent today to discuss finding a property directly for you.

Additional Information

Both flats consist of one bedroom, tidy kitchen and bathroom. They also have a good sized living area complete with a heat pump in each flat.

There is a back yard and off-street parking, and the property is within walking distance to South Dunedin's shopping centre and only a few minutes' drive to the central city.

This location is 20 mins by bus or bike to University of Otago so is close enough for student rental but also is open to the general rental market.

The current rental income is $210 for one flat and $200 for the other. We have a written rental appraisal of $210 p/w per unit, $420 p/w total which is a potential gross yield of 7.6%.

If you would like more information on this multi-income property contact Janet today.

Amenities

Close to transport links and a short drive, bus or bike to central Dunedin and the University of Otago. It is walking distance to South Dunedin's shopping centres and amenities which include doctors, dentist and library. It is close to Carisbrook Primary School and Kings and Queens High School.

QV Property Report 92 South Road The Glen Dunedin.pdf

iFindProperty Janet Dixon

Janet Dixon
Licensed Salesperson - REAA 2008

janet@ifindproperty.co.nz
021 552 191

Contact us about this property

Agent Contact Details

iFindProperty Janet Dixon

Janet Dixon
Licensed Salesperson - REAA 2008

janet@ifindproperty.co.nz
021 552 191

I just wanted to say a quick thank you for all the advice, tips and encouragement you have given me the past 2 months - including over your Christmas and New Year holidays Janet!

I've loved every bit of the process and can't wait to do it again! I will be recommending iFind to anyone who will listen!

We finally have our much dreamed about, first rental and I am so pleased that I called you Maree. Janet was well and truly amazing and I am beyond pleased.

What a wonderful business you have set up.."