91 & 91A London Street, Dunedin Central

Description

Presenting a high-performing investment opportunity in one of Dunedin’s most consistently in-demand rental locations at 91 & 91A London Street. Positioned within easy reach of the University, Hospital and CBD, this substantial property is ideally suited to student accommodation and delivers strong, reliable returns.
Configured as a single large dwelling, the property offers 12 bedrooms in total (including the sleepout), 4 bathrooms, and 2 kitchens, providing scale that is increasingly difficult to secure this close to the city. The layout also presents future flexibility, with clear potential to reconfigure into two flats, further enhancing its investment appeal.
The downstairs level includes four bedrooms within the home, supported by two bathrooms, a separate laundry, and two heat pumps, along with the sleepout as the fifth bedroom on this level. A separate external toilet adds further practicality for high-occupancy living. The front courtyard creates a defined outdoor space and would work well if the property were split into two tenancies.
Upstairs, accessed via an exterior staircase, features an open-plan kitchen and living area, seven bedrooms, two bathrooms, and laundry. The generous room sizes throughout the home reflect its character era origins, a key drawcard for tenants seeking space and comfort.
Currently rented until the end of 2026 at $2,568 per week, the property generates approximately $133,500 per annum, providing immediate cashflow and income security. The low-maintenance nature of the section further enhances its appeal as a hands-off investment.
With strong rental demand, significant holding income, and future configuration options, 91 London Street is a proven performer and a strategic addition to any property portfolio.

*** Viewings by Appointments Only ***

Public Download Link: https://www.ganeshrout.co.nz/current-listings/91-91a-london-street-dunedin-central-dunedin