Broker | Balclutha, Dunedin, Invercargill, Oamaru, Timaru
Gracious old villa set high above the central city with harbour views.
The tree-lined street with quality housing makes this an appealing property and investment.
The property has been converted into 7 bedsits with communal facilities without detracting from the inherent charm of the original structure. These type of accommodation properties are getting harder to find in the Dunedin area.
This property has been well maintained and has stunning views over the city, the inner harbour and beyond to the sea.
Located in one of Dunedin's better suburbs this property is not only a good investment with little time required of the owner in managing it, but also returns a good income.
Dunedin has a growing shortage of accommodation in the city due to the various upcoming projects, including the new hospital.
13 Hart Street, Belleknowes, Dunedin ticks all the boxes if you are looking for a sound investment with an income.
Approximate Yield: 9.5%
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