• $1240000
74 Heriot Row, North Dunedin, Dunedin, Otago, 9016, New Zealand
This large, three flat property has been a consistent high cash flow performer and is now ready for the next phase in its life.
The three flats consist of a 5-bedroom, a 4-bedroom and a 2-bedroom flat, signed under a fixed tenancy for 2022 for $1,690 per week returning 7% gross return against the asking price. Refurbishments to the property could lift the rent further and in this high tenant demand market, buyers can take confidence with the project.
Sitting high above the University campus, the views are spectacular and allows the new owner to create something special. An upgrade plan in place over 2022/2023 summer period would allow for further rent growth, while you have the comfort of knowing tenants are secured for this year.
