$1,759,000 + GST (if any) | Rent - Individual Boarding House Leases | Location of Buyer - Auckland - Are you looking for a profitable investment opportunity in Dunedin? Look no further than this 27 room boarding house in Maryhill, a prime location close to shops, transport and amenities.

This property has huge potential for improvement and income growth, with some basic cosmetic upgrades and fresh marketing strategies. A new owner could invest into this building with internal painting, carpeting and new furniture in different rooms and work to increase the occupancy level and rent charged per room.

This large 800 sqm brick building was formerly a rest home and as such, is spacious and well laid out to accommodate large groups of individuals. The large communal areas offer a nice social environment while having space to move around, with good kitchen facilities and a lift operating between the two floors.

Don't miss this chance to capitalise on one of the few genuine high cashflow investment opportunities that perform well when run to capacity.

For Sale at $1,895,000 plus GST (if any).

A full Matt Morton & Co Information Memorandum and additional property documentation including LIM are available on request.

Please contact me for a further discussion or to arrange a viewing appointment.