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335 Dee Street


Property Facts

Ref: 27054

Price by negotiation

Property type: Unit

Bedrooms 18 Lounges 10 Bathrooms 10 Garages 7

Land area: 2983sqm

Built: 1930's

335 Dee Street, Avenal

Ref: 27054

Attention investors & landbankers

Let the figures be your guide with this lucrative investment property. Do the maths - a total of 10 flats are included in the sale, with a current gross rental return of approx. $95,000 per annum. Great returns, but with potential for higher yields.

Well maintained and extensively refurbished over the last 10 years, the opportunity encompasses several buildings - the main two storey residence (built 1939) contains 6 x two bedroom and 2 x one bedroom flats. An additional villa (built 1910) contains 2 x two bedroom flats. Separate to the homes is a handy parking building of six garages and a workshop, and a separate single garage.

Positioned on a level 2983sqm section, there's ample value in the land - look to the future and consider the possibilities for subdivision or development.

Positioned on the main street through Invercargill, it's an easy walk to the city centre, schooling and Queen's Park. Also nearby is the Southern Institute of Technology with its free tertiary education, making this a perfectly-positioned rental investment.

• 2983sqm site with buildings encompassing 10 flats and ample parking/garaging
• Mix of one and two bedroom flats
• Offered to the market as a profitable rental investment
• Well managed at present, with potential to increase yields
• Generous street frontage of approx. 35.81 metres
• Desirable, high profile position close to city centre

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335 Dee Street, Avenal

Ref: 27054

Web Reference 27054
Property Type Unit
Bedrooms 18
Bathrooms 10
Garage 7
Built 1930's
Floor area 810sqm
Land area 2983sqm
Rates $12716.50
Property Features

Heating: 2 x Wall heaters, log burner in flat 9

Living Room: 10

Kitchen: Standard, Electric cook top

Interior Features: Paint

Flooring: Carpet

Windows: Wooden joinery

Hot water: Electric

General Features: Sheltered, Private

Exterior Construction: BRC

Aspect: North

Roof: Tile, shortrun

Grounds: Trees, Landscaped, Lawn

Views: Town

Sewerage: City

Insulation: Insulation in ceilings of the main building and villa

Chattels Stove
Fixed floor coverings
Light fittings
Washing Machine
Fridge Freezer
2 x Wall Heaters per unit/flat

hoamz accept no responsibility and disclaim all liability in respect of any errors, inaccuracies or misstatements contained herein. Prospective purchasers should make their own inquiries to verify all information.