Purpose built investment flats in great location

South Dunedin, Dunedin

$1,250,000

Proposed Usage
Tourism & Hospitality
Description:
Property ID
1bzjxl5

Eight purpose built flats constructed in the 1970s. Brick and tile with aluminum windows. Well maintained with attractive garden setting
Four one bedroom flats and four two bedroom flats. Popular with tenants with average leases being of many years standing.
Gross income $87,360 per annum. Rates and insurance approximately $17,359. Net rental $70,000 per annum..

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