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A9 Alva Street, Dunedin Central
$895,000+ listed in Jun 2015
House: 30 Bed rooms 4 Bath rooms
Land size: 1,573 sqm | Building size: 780 sqm [Measure]
Agent: MAC Property Services Limited Colliers International, Otago

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Property Description:
For Sale $895,000 + GST (if any)
30 rooms, 4 bathrooms
Boarding House tenancies
Centrally located in upper High Street

This stunning period building operates as a boarding house containing 30 rooms and is centrally located in upper High Street on a main bus route. A live-in manager oversees the tenants and daily requirements of the property, allowing the owner minimal time involved.

Excess capacity exists for an increase in revenue and further development of the property is possible by upgrading the current facilities. Rooms are let at just $130 - $160 per week including power under boarding house tenancy arrangements. There is opportunity here to develop the investment or simply allow it to operate under current conditions.

A full Information Pack is available from the broker and viewing times are by appointment only.
Nearby Schools:
NameTypeDecileDistance
Arthur Street SchoolPrimary81.3 km
Kavanagh CollegeSecondary81.3 km
Carisbrook SchoolPrimary21.6 km
Otago Boys' High SchoolSecondary91.3 km
Otago Girls' High SchoolSecondary91.2 km
>>More schools

The property data is from the public websites.

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