Secure Yield in a Proven Location
For Sale by Online Auction
The Online Auction is under way and digital bidding starts immediately and concludes at the Final Bidding Stage. It is recommended to register a starting bid early to avoid disappointment. Bids conditional on pre-approved finance are permitted subject to seller approval.
Positioned strategically in the high-demand North East Valley, this five-bedroom investment property offers a seamless addition to any portfolio. Elevated above the valley floor to capture maximum sun and avoid the winter chill, the property is perfectly placed for the student market, situated just a short commute from the University of Otago and within easy reach of the Gardens Shopping Centre and local botanical amenities.
With a fixed tenancy already in place at $730 per week until 14 January 2027, investors can enjoy immediate cash flow and the security of a long-term commitment in Dunedin's robust rental climate.
Confidence is built into the sale, with a comprehensive suite of documentation available, including building, LIM, and electrical reports. Most importantly, the property is already fully compliant with Healthy Homes standards, removing the burden of immediate capital expenditure for the new owner.
The classic weatherboard construction and corrugated metal roof provide a solid foundation, while the generous sunny backyard adds significant appeal for tenants. For the growth-focused investor, there remains a clear opportunity to add further value and enhance the yield through cosmetic improvements like exterior painting, ensuring the property remains a top-tier choice in this "recession-proof" university hub.
The property is open for Buyers to register and submit a bid from now until 6:00 pm, Tuesday 3 March 2026 when the Final Bidding Stage will commence (unless brought forward by the Vendor). Contact the sales agent early to become qualified.
Send an online enquiry to receive a full Matt Morton & Co Information Memorandum and additional property documentation.
Please contact me today for a further discussion or to arrange a viewing appointment once the information has been reviewed.