Forth Street, North Dunedin, Otago

Fresh with a brand-new exterior paint job, this purpose-built, student flat is situated in an amazing location between the CBD and the University.

One of a complex of 5, the flat is spread across two floors with an open plan kitchen/living area, good sized bedrooms, two bathrooms and double glazing throughout. 

Along with all that, there is a courtyard that is well positioned for afternoon sun and two car parks (quite rare for a rental property in such a central location).

With no interior improvements, the gross rental income has increased by 20% since 2020. Returning $46,800 in 2020 to $56,610 in 2024.  Generally signed in late July/ early August for the following year, this flat has always been in high demand due to the quality and location.  

There is a comprehensive insurance policy included in the body corporate fees of $3116.93.

Body Corp Fees Broken Down as Follows:

Body Corporate Levy $512.00
Insurance Premium $2,174.93
Insurance Valuation $180.00
Body Corporate admin fee $250.00

Link to 3D Walkthrough Below:
https://my.matterport.com/show/?m=Bco1DAcy7R4

Note:  The neighbouring flat at 2C Forth Street is also available for sale