1/3 William Street, City Centre, Dunedin 9016

 LIM and VALUATION available on request for serious investors.

The grand residence at 3 William St is a handsome Edwardian property nestled in a sheltered location just off upper High St. The substantial brick and tile house is the original home of Thomas Brown, who founded the famous Dunedin department store Brown Ewings, and it occupies over 1,150 m2 of land. The house supports many character features including: ornate ceilings, large bay windows, original fireplaces and stained glass to name just a few. The approach to the house winds up through a pathway beneath a 100 year old cascading rhododendron at present in bloom, and the grand entrance steps announce that this is a house of significance.

This attractive property has four separate spacious apartments with extensive harbour and park views with their own access from the exterior.
Total gross return of all will be $60,060pa for 2017.
Each apartment has been modernised within the past 5-6 years and includes modern fittings and chattels including dishwashers, washing machines, dryers, rangehoods and heatpumps.
Each having own access and electricity supply.
Two of the apartments have already been re-let for 2017 with one tenant in their 4th year!

ADD MORE VALUE!!!
This is an attractive solid rental property with opportunity to continue to develop and further improve rental returns.
A unique property of this calibre rarely becomes available so be quick.
Viewing by appointment only