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558 Great King Street, North Dunedin, Dunedin City

By Negotiation

315m²

768m²

Inner City Investment or Development Opportunity

Located just a 2-minute walk from the university and 10 minutes from the city centre, this exceptional 767 m² inner-city residential property offers a rare opportunity for astute investors and developers.

Currently featuring a 19-bedroom boarding house with a strong rental history, the property provides a substantial income stream. This makes it ideal for investors seeking solid cash flow while planning future development. With a high demand for student accommodation, this property guarantees high occupancy rates, ensuring continuous rental income.

The property is zoned for development of up to 45 m² per habitable room, presenting significant potential to transform the site into a high-density residential project. Whether you envision modern apartments or a new boarding facility, the possibilities are vast, given the prime location and generous land size.

For developers, this is a golden opportunity to capitalize on the proximity to both the university and the city centre, areas known for their strong rental demand and capital growth. The existing structure allows you to generate revenue as you work through the consent process, minimizing holding costs and maximizing returns.

Alternatively, if you’re an investor looking to secure a property with long-term rental appeal, this boarding house offers excellent returns with the added benefit of future development potential.

Don’t miss this chance to secure a premium inner-city location with immediate income and long-term growth prospects. Contact us today to learn more or to arrange a viewing.

The property will be sold plus GST (if any).

TO DOWNLOAD THE PROPERTY PACK, GO TO: https://www.bradleylee.co.nz/current-listings/558-great-king-street-north

Additional details

Type

House

Property ID

eagle_1464381

Listed on

16/08/2024

Updated

19/08/2024

Data

Property insights

OneRoof estimateRating valuationEstimate over timeProperty history

OneRoof estimate

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Property data

Broadband available

Floor area

315m²

Land area

767m²

Type of title

Freehold

About the area

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North Dunedin, Dunedin City

North Dunedin is a suburb which lies within the Territorial Authority of Dunedin, one of 97 residential suburbs which form the wider region. North Dunedin is the 5th largest suburb of Dunedin in terms of the total number of residential housing stock. North Dunedin provides a range of housing stock, with the earliest residential housing recorded in the area constructed between 1880 - 1889. The majority of the residential housing stock in the locality was constructed between 1990 - 1999. Residential housing stock in North Dunedin is made up of approximately 68% residential housing and 32% residential investment housing properties.

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