320 Bayview Road
Heading into a rental shortage? Investors take note!!
There has been plenty of talk about Dunedin having a shortage of rentals moving forward, here is a magnificent investment opportunity with a rock solid brick and Colour Steel roof dwelling that is currently in two fully let flats and is located next to Queens High School which is only an easy 10 minute stroll to the St Clair Esplanade area.
Flat A has been tastefully decorated throughout with modern decor, a beautiful kitchen and bathroom, heatpump and comes furnished. This flat is let at $335 per week on a periodic to a lovely family and boasts two bedrooms and a sunny backyard. Flat B is let at $250 per week on a periodic tenancy to a tenant that is now in their 15th year in the property! Flat B is more so in an original condition but offers a really surprisingly spacious layout and the obvious scope to enhance and add some real value further down the track. There is insulation in the ceiling space of both flats with some wall insulation in Flat A. What a fantastic, low maintenance, easy investment opportunity returning $585 per week - $30,420 gross per year and has not been flood effected in any of the extreme weather events - Ready set... GO!!
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