About this property

Set in a prime central Dunedin location, this established multi unit investment offers strong existing income with added upside. Currently operating as a boarding house, the property comprises 27 well-proportioned bedrooms across three separate buildings on three titles. Seven bathrooms support the accommodation, providing practical functionality for residents. The property holds a current BWOF and is professionally managed, with consistently high occupancy driven by demand for centrally located accommodation. The buildings are also connected to fibre internet, supporting modern tenant expectations. Three communal kitchens are equipped with modern appliances, while shared courtyard spaces and sunny verandas provide appealing common areas for tenants. The current owners have undertaken significant upgrades, including two new bathrooms and toilets, a modern kitchen, and improvements to the majority of rooms, creating a solid foundation for the next owner to build upon over time. Prime corner-site 797m², within walking distance to the University, hospital and nearby retail amenities. Plenty of street parking available with strong ongoing tenant demand.

Financial summary