Sold Property

354 Stuart Street, Roslyn, Otago

  • 568
  • 420 m2
  • 10
  • 6
  • 4
  • 3

$1,475,000

6 Units : 6 Incomes

Available now after 18 years of ownership, is this very tidy 1970's complex of 6 units. All have been renovated to a very high standard, including double glazed windows with a sound break.
Four flats are two bedrooms two are one bedroom. Four garages as well as off street parking for two. No grass to mow but with a large communal patio area for everyone to enjoy. All six are leased till January 2019 with a possibility to increase the rents. Currently bringing in $99,840 p/a. This extremely rare block has been a consistent income generator.
Located just minutes away from the Octagon and bustling Roslyn Village, the location opposite Otago Boys High School also means great views. There is potential to increase future value by creating separate titles for each unit. With the owner restructuring his portfolio, it's a genuine sale - so you should think genuinely about buying! Property ID: #DU95009

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Sold Date

  • 24 October, 2018

Property features

  • Property Type: Block of units
  • Property Features: Smoke alarms
  • Roof: Iron
  • Tenure: Freehold
  • Property condition: Excellent
  • House style: Contemporary
  • Garaging / carparking: Single lock-up, Auto doors (Number of remotes: 4), Off street
  • Construction: Plaster and Block
  • Joinery: Aluminium, Double glazing
  • Insulation: Ceiling
  • Flooring: Vinyl and Carpet
  • Window coverings: Drapes
  • Heating / Cooling: Heat pump, Electric
  • Electrical: Smart wiring, Rewired (Partially rewired)
  • Chattels remaining: Blinds, Fixed floor coverings, Light fittings, Stove, Curtains, 4 x Auto Garage Door Opener, 6 x Heat Pump, 6 x heated Towel Rail, 6 X Bathroom heater, 6 x Fridge/Freezer, 6 x Dishwasher, 6 x Washing Machine
  • Kitchen: Modern, Open plan, Dishwasher, Separate cooktop, Separate oven, Rangehood, Breakfast bar, Pantry and Finished in Laminate
  • Living area: Open plan
  • Main bedroom: Double and Built-in-robe
  • Bedroom 2: Double and Built-in / wardrobe
  • Bedroom 3: Double and Built-in / wardrobe
  • Bedroom 4: Double and Built-in / wardrobe
  • Bedroom 5: Double and Built-in / wardrobe
  • Bedroom 6: Double and Built-in / wardrobe
  • Bedroom 7: Double and Built-in / wardrobe
  • Bedroom 8: Double and Built-in / wardrobe
  • Bedroom 9: Double and Built-in / wardrobe
  • Bedroom 10: Double and Built-in / wardrobe
  • Main bathroom: Bath, Separate shower, Heater
  • Laundry: In bathroom
  • Views: Private, Urban, Water, Bush, City
  • Aspect: East
  • Outdoor living: Clothesline, Deck / patio
  • Fencing: Partial, Materials (Timber)
  • Land contour: Flat
  • Grounds: Backyard access
  • Water heating: Electric
  • Water supply: Town supply
  • Sewerage: Mains
  • Locality: Close to schools, Close to transport, Close to shops
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Office

Harcourts Dunedin

Licensed under REAA 2008

Repayment Calculator

Est. bond $1920
  • 568
  • 420 m2
  • 10
  • 6
  • 4
  • 3

Sold Property

354 Stuart Street, Roslyn, Otago

$1,475,000

6 Units : 6 Incomes

Available now after 18 years of ownership, is this very tidy 1970's complex of 6 units. All have been renovated to a very high standard, including double glazed windows with a sound break.
Four flats are two bedrooms two are one bedroom. Four garages as well as off street parking for two. No grass to mow but with a large communal patio area for everyone to enjoy. All six are leased till January 2019 with a possibility to increase the rents. Currently bringing in $99,840 p/a. This extremely rare block has been a consistent income generator.
Located just minutes away from the Octagon and bustling Roslyn Village, the location opposite Otago Boys High School also means great views. There is potential to increase future value by creating separate titles for each unit. With the owner restructuring his portfolio, it's a genuine sale - so you should think genuinely about buying! Property ID: #DU95009

Property Features

  • Property Type: Block of units
  • Property Features: Smoke alarms
  • Roof: Iron
  • Tenure: Freehold
  • Property condition: Excellent
  • House style: Contemporary
  • Garaging / carparking: Single lock-up, Auto doors (Number of remotes: 4), Off street
  • Construction: Plaster and Block
  • Joinery: Aluminium, Double glazing
  • Insulation: Ceiling
  • Flooring: Vinyl and Carpet
  • Window coverings: Drapes
  • Heating / Cooling: Heat pump, Electric
  • Electrical: Smart wiring, Rewired (Partially rewired)
  • Chattels remaining: Blinds, Fixed floor coverings, Light fittings, Stove, Curtains, 4 x Auto Garage Door Opener, 6 x Heat Pump, 6 x heated Towel Rail, 6 X Bathroom heater, 6 x Fridge/Freezer, 6 x Dishwasher, 6 x Washing Machine
  • Kitchen: Modern, Open plan, Dishwasher, Separate cooktop, Separate oven, Rangehood, Breakfast bar, Pantry and Finished in Laminate
  • Living area: Open plan
  • Main bedroom: Double and Built-in-robe
  • Bedroom 2: Double and Built-in / wardrobe
  • Bedroom 3: Double and Built-in / wardrobe
  • Bedroom 4: Double and Built-in / wardrobe
  • Bedroom 5: Double and Built-in / wardrobe
  • Bedroom 6: Double and Built-in / wardrobe
  • Bedroom 7: Double and Built-in / wardrobe
  • Bedroom 8: Double and Built-in / wardrobe
  • Bedroom 9: Double and Built-in / wardrobe
  • Bedroom 10: Double and Built-in / wardrobe
  • Main bathroom: Bath, Separate shower, Heater
  • Laundry: In bathroom
  • Views: Private, Urban, Water, Bush, City
  • Aspect: East
  • Outdoor living: Clothesline, Deck / patio
  • Fencing: Partial, Materials (Timber)
  • Land contour: Flat
  • Grounds: Backyard access
  • Water heating: Electric
  • Water supply: Town supply
  • Sewerage: Mains
  • Locality: Close to schools, Close to transport, Close to shops
Show More

Sold Date

  • 24 October, 2018
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Harcourts Dunedin

Office Harcourts Dunedin Licensed under REAA 2008

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