1 Crown Street, North East Valley

Description

Savvy investors will immediately recognise the value on offer at 1 Crown Street. Combining a substantial five-bedroom rental property with a separately leased workshop/storage facility, this is a rare opportunity to secure a diversified investment generating strong cash flow from day one.
The residential dwelling is currently rented at $850 per week, while the separate workshop/storage unit returns $250 per week, providing a combined income of $1,100 per week. Looking ahead, market evidence suggests potential rental growth to approximately $1,000 per week for the house and $300 per week for the workshop, creating a projected combined income of approximately $1,300 per week.
Based on current market trends, rental growth of around 7–8% per annum appears achievable, providing investors with both immediate income and future upside.
Investment Highlights

✔️ Five-bedroom investment property
✔️ Currently returning $850 per week
✔️ Separate workshop/storage tenancy returning $250 per week
✔️ Combined current income of $1,100 per week
✔️ Forecast combined income of approximately $1,300 per week
✔️ Approximately 8% gross yield
✔️ Strong student rental location with consistent demand
✔️ Additional income stream from workshop/storage facility
✔️ Potential rental growth of approximately 7–8% annually
✔️ Close to the University, CBD and local amenities

Properties offering multiple income streams, strong tenant demand, and an attractive 8% gross yield are increasingly difficult to find. Whether you're a seasoned investor or looking to expand your portfolio, 1 Crown Street presents an outstanding opportunity to secure a high-performing asset with excellent long-term growth potential.

*** prior Offers Considered ***

Public Download Link: https://www.ganeshrout.co.nz/current-listings/1-crown-street-north-east-valley-dunedin