86 Melville Street, Dunedin Central

SOLD

Amazing Opportunity

Details

  • SOLD
  • House , Investment
  • Bedrooms: 5 + 1
  • Bathrooms: 2 + 1
  • Size: 200 m² approx
  • Lot Size: 1,214 m²
  • Year Built: 1900s

Amazing Opportunity

Calling all investors and developers. An amazing opportunity here with a 1200m² Central Dunedin section containing a five-bedroom colonial gent’s residence and a separately tenanted one-bedroom coach house.

Initial concept plans are available for six four-bedroom townhouses on the site. They would all have sweeping harbour views once site works are complete. In the meantime, the property is capable of a very good return. Currently the coach house is rented at $250 pw and upgrading of the five-bedroom residence has just been completed. A rental assessment will be available. Plenty of off-street parking.

A rare opportunity to land bank and earn income in central Dunedin. Cash in on the high demand for rental and investment property. Inquire today.

Deadline Sale 4pm Wednesday, 19th December 2018 (no prior offers).  By Negotiation.

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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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