Description
This North Dunedin building is situated in a very prominent spot and is just waiting for someone to give it a good refurbishment and bring it into the modern era. Perhaps that someone is you.
With a total floor area of 730m2, the building consists of the following separate entities:
• 833 Great King Street: 2-bedroom apartment. Recently vacated
• 835 Great King Street: 1 - bedroom apartment. Rented at $200 per week
• 1 Moat Street: 2-bedroom apartment. Rented at $210 per week
• 5 Moat Street: 2-bedroom apartment. Rented at $230 per week
• 37 Duke Street: 2-bedroom apartment. Rented at $350 per week
• Vacant commercial space / Old book shop. 210m2 approx
• 3 Garages
The vendors are motivated to sell so if you're looking for a worthwhile project then don't be shy about making an offer.
When you consider the location of the building and how low the current rent is compared with market rates, it's fair to say that any money spent will be money gained.
