47-49 Arthur Street, Dunedin Central

SOLD

Two Villas, One Title

Details

  • SOLD
  • Investment
  • Bedrooms: 4+4
  • Bathrooms: 1+1
  • Size: 370 m² approx
  • Lot Size: 314 m²
  • Year Built: Pre-1920's

Two Villas, One Title

A lot of upside to this investment property comprising two double-storey attached villas with a combined weekly rent of $980. Four bedrooms in each and rented consistently, this year through to January 2019. With a gross yield approaching 7.15% on asking price, astute investors should take note.

The current owners have maintained the property well, with recent exterior paint and roofing work just completed.

With small, easily maintained grounds and the prospect of an improved yield in coming years, this property is an ideal keeper for any portfolio. Equally, it could be a great buy for parents with children due to attend university. Bus route nearby and a short walk down the hill to the Octagon and 10-15 minutes further to the campus.

Buyer enquiry over $629,000

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Contact

Graeme Pennell

Residential & Investment Property Consultant
Office: +64 3 477 4470
Mobile: +61 21 246 6642
Fax: +64 3 477 2270
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