Forth Street, North Dunedin, Otago

Located right in the heart of the campus, this flat has always been very popular, receiving plenty of applications from quality tenants every year.

Returning $865 a week for the rest of 2024, the property contains 5 good-sized bedrooms, a semi-open plan kitchen/ living area, 1 bathroom plus a separate toilet.

The 445m2 section allows for up to 10 bedrooms on the site (subject to consent).  One could remodel/ extend and add bedrooms to the existing dwelling or just knock it over and build new.

Due to the plethora of profitable options that this property has to offer, we have decided to put it up for tender.  The vendor's expectations are very reasonable so don't be shy, get in touch.  It will be well worth your while. 

Based on quotes and working drawings, our view is that a conversion to an 8-bedroom, 3-bathroom flat is the best use of this site. 

This will cost approximately $250k with rent expected to increase to $1760 per week once complete.

Link to 3D tour below:
https://my.matterport.com/show/?m=teUBRbpCAHk