27 & 27A Brunel Street, Mornington

Description

Set across approx. 761m² of freehold land in sought-after Residential Zone 2, this exceptional property offers not just one, but three distinct opportunities. Whether you're a savvy investor, a live-in landlord, or a developer eyeing medium-density potential, this versatile site delivers.

**Option 1 – Strong Multi-Income Investment**

Maximise return with three tenanted spaces already in place:

27A Brunel Street – Renovated 1-bedroom, 1-bath home currently rented at $425/week

27 Brunel Street – Renovated 2-bedroom, 1-bath home with a separate studio (own access), previously rented together for $525/week

24 Glenpark Avenue (garage) – Currently leased as a storage unit at $115/week

Total potential rental income: $1,065 per week
A ready-made portfolio performer with great tenants and strong yield.

**Option 2 – Live In & Supplement Your Mortgage**

Make it your home while enjoying extra income:

Reside in the stylish 2-bedroom home at 27 Brunel Street, complete with a bonus studio—ideal for a home office, creative space, or teen retreat.

Continue renting out 27A Brunel Street for $425/week

Keep the Glenpark garage tenanted for storage at $115/week

Enjoy peace, privacy, and the freedom of homeownership—while the property works for you in the background.

**Option 3 – Prime Zone 2 Development Site**

With dual access from Brunel Street and Glenpark Avenue, this 761m² (approx.) section is positioned in the heart of Residential Zone 2—making it ripe for multi-unit development (subject to council consent). Clear the site or work with existing dwellings to realise your vision. Excellent street frontage, services at hand, and a location that will reward smart planning.

Whether you're focused on immediate returns, long-term value, or a place to call home with income on the side—this is one of those rare finds that truly ticks every box.

*** Prior Offers Considered ***

Public Download Link: https://www.ganeshrout.co.nz/current-listings/27-27a-brunel-street-mornington-dunedin