6 Council Street, St Kilda, Dunedin City

Rare multi-unit brick investment

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Enquire about this property

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6 Council Street, St Kilda, Dunedin City

Rare multi-unit brick investment

Residential Investments For Sale

By Negotiation

About

Opportunities like this are rare. Built and held within the same family for over 50 years and meticulously maintained, this exceptional three-unit investment property - positioned on a single title - is now ready to be passed onto its next owner. A truly special offering, that combines long-term stability with outstanding care, making it a standout choice for discerning investors.

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Flat one is elevated, offering a sense of privacy and space, while flats two and three sit conveniently at ground level. Each unit has been thoughtfully refreshed with a modern touch, featuring fresh neutral paint, brand-new carpet and stylish new curtains.

Flat One consists of two bedrooms, a bathroom, separate shower and toilet. Spacious lounge that seamlessly connects to a renovated kitchen, offering both improved functionality and aesthetic appeal. Additionally, there is a separate laundry located beneath the property, as well as a private garage.

Flats Two and Three each include two bedrooms, a bathroom and the original kitchen, which has been refreshed and flows into the lounge area. Flat Two benefits from a separate laundry and a garage, while Flat Three features the convenience of an in-unit laundry and an off-street parking space.

Designed for ease of upkeep, the property boasts low-maintenance gardens and a well-kept exterior, making it an attractive long-term investment. For those looking to add further value, opportunities exist to modernize the interiors or explore the potential of subdividing the title. With a proven track record of high tenant demand and a current rental income of $1280 per week - with room for further increases - this is a rare chance to secure a solid, income-generating asset in a tightly held market.

This rare, low-maintenance property offers consistent, strong returns and is a standout investment opportunity that offers long-term stability with minimal upkeep. Don't miss out on securing this exceptional asset for your portfolio.

property details +

Web iD: DO11989
Approximate land area: 400m2
Rateable value: $650,000
Rates (DCC): $7222.05
Rates (ORC): $436.37

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Agents

Aimee Marsh

Aimee Marsh

Property Consultant

Mobile: 027 209 3440
Direct dial: 03 470 2520

Clayton Sievwright

Clayton Sievwright

Property Consultant

Mobile: 021 191 5555
Direct dial: 03 4702517

Lane Sievwright

Lane Sievwright

Property Consultant

Mobile: 021 526 366
Direct dial: