558 Great King Street, North Dunedin

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