47 Bellona Street, Saint Kilda, Otago

With all three tenants currently on periodic leases and having resided in the property for over a decade, the configuration offers 2 x 2 bedroom units with an additional 1 bedroom self-contained dwelling. This represents a unique opportunity to acquire a property that offers a multi-income stream with plenty of upside. Enhancements can be made to each unit to increase the rental return, although the recent addition of the Colorsteel roof means this does not need to be attended to by the new owners.

Positioned on the corner of Bellona and Bird Street, the section is a manageable 469sqm and also offers two off-street parks. Astute investors will recognise this as an attractive addition to their portfolio, likewise those that are new to property investment should view this as a superb long-term hold with an affordable entry price. Offers on or before the 4th March 2025 are to be considered.