The University Investment area has long been regarded as the "Blue Chip" location for residential investment in Dunedin. Each year approximately 20,000 tertiary students attend the Otago University, Polytechnic and Teacher's College, all located in the University area. The accommodation ranges from early 1900's villas, modern apartments to studio rooms appointed with ensuites and furnished. Rental income is predominately for the full calendar year with many close in flats signed up long in advance for the next year. Due to the nature of supply and demand, rents increase most years, there is a limited number of flats close to Uni and all the conveniences, and most students prefer to live close in and experience the unique campus lifestyle that only Otago can provide. Local investors have long considered this particular environment as "Our Unique Investment Oasis". It has proven to be a reliable, consistent, and safe vehicle to achieve excellent cashflows and capital growth. Contact me if you wish to be on my early alert via email for new listings and advertising material. I specialise solely in the "Prime Area", for any advice or help with your property investment or purchasing for family at Uni. Frank Cazemier.

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Two bedroom apartment, popular building, very close to uni and CBD.  Vacant possession.  Would respond well to a freshen up.  Garage and courtyard.

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cutlers.co.nz/1417440

These cutting edge design, high spec, one bedroom apartments are an exciting investment for investors looking for cashflow from a high quality, low maintenance asset.  They will appeal to families wanting to house sons and daughters while at Uni in a comfortable, healthy environment and young professionals looking for a modern living solution.  This could also be an ideal lock 'n leave option for people who require a base in Dunedin.

The introductory price for the first 12 apartments (stage 1 only) is $279,000 to $289,000.

These brand new, full self contained apartments are expected to be completed by February/March 2011.  Secured with a 10% deposit that is held in a Solicitor Trust Account until completion.  Featuring high end materials, luxurious fit out, these will be an outstanding product setting a new standard in Dunedin.  Download the Information brochure on the left or request via email or post.

Earthworks well under way and floor slab being poured this week.

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cutlers.co.nz/1362121

Sought after investment, being two spacious, two bedroom flats.  Leased 2010 at $265 and $240 per week, $505 per week total, $26,260 pa, 7% return.  Very rare on Campus to find two bedroom flats, which tend to lease for a 'premium'.  A very simple, easy investment, facing north and just a few minutes walk to Uni.  Plenty of potential to increase the rental and add value.

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cutlers.co.nz/1356948

Two of these buildings are available now!

Subject to resource consent to subdivide title, each building may be split into two unit titles (approx 10% gross return).  Brand new, well designed properties.  All bedrooms with en suites and are well fitted out.  Generous kitchen and living spaces.  Landscaped, car parking and close to Uni and Gardens shopping area.  High potential for growth here.

...Vendor guarantee for the rental income for the first year to the 31st of December 2010.

10 bedroom building with 2 kitchens and 2 living areas $1,260,000  - 10% gross return

12 bedroom building with 2 kitchens and 2 living areas $1,497,000 - 10% gross return

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cutlers.co.nz/1090874

Prime position purpose built student accommodation.  Two, five bedroom flats $500 per week and $485 per week for 2010.  Recently upgraded.  Very solid construction. 

Separately titled, buy one or both.  7.2% yield from modest rents.  Each flat has a carpark.  Set back from the street with excellent outlook over Logan Park.

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cutlers.co.nz/1295083

High quality student investment, virtually a new house.  Recently substantially added to, upgraded with a beautiful decor and all in a nice setting.  Consisting of five large bedrooms, all ensuited, plus a very generous kitchen, dining, living areas with superb indoor/outdoor flow and off street parking.

This is a very attractive house for tenants wanting something better than the average student flat.  Leased for 2010 to a mature group at $625 per week (yield 8.1%).  Demand indicates the rent has room to easily grow.  This calibre of investment in the market and price bracket as well as so handy to uni, is not common. Highly recommend viewing.

Update: Now leased for 2011 at $640per week (yield 8.34%).  Excellent, high yielding, high quality Uni Investment.

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cutlers.co.nz/1277040

This modern purpose built complex has potential for well over 10% nett return pa.  The property is operated as a fully furnished, meals provided, supervised accommodation.  Very similar to the University of Otago operated Halls of Residences.  Efficient systems have been put in place to make a smooth transition to a new owner if they wish to leave the property under management with Lincoln Darling Real Estate Ltd. 

All leases are available on request.  This calendar year, leases have been signed to a level of $260,465.  The Masters Games have requested the whole building for 10 days in February 2010 for $14,400.  The Supervisors Room could also be leased providing a further $14,000 pa.  Superior management is now in place, the $260,465 lease total for 2009 is expected to be more like the $296,550 all being 45 week leases for all rooms.  As per Warwick Reid's Valuation Report. 

A "hands off" passive investment, or do your own supervision/management and add $37,000 pa to the income.

Full information pack available.

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cutlers.co.nz/1188209 

Be sure to see this!  Five bedroom villa on a 582sqm title.  The villa has an excellent roof, interior gibbed, large rooms and lovely setting with the Town Belt behind.

This reliable student investment is leased at $450pw for 2010.  Definately should be more for 2011 as is, with a little upgrading in the kitchen and bathroom you could see rents of around $550pw.  Close to uni, classic villa, underlet, potential to add value easily.  Priced to sell quickly.

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cutlers.co.nz/1429271

Land, land, land.  445m2 of Res 3.  Potentially 10 bedroom site.  Superb land bank with cashflow from the five bedroom tidy villa.  Leased for 2010 at $500 per week.  These opportunities are rarely found.

cutlers.co.nz/1145530

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Absolute Blue Chip Iconic Villa in Prime Position.

Major upgrade and refurbishment just completed by Naylors Ltd.  New kitchen, bathroom, floors, gibbed, curtains, carpet, painted inside and out.  The 'Pink Floyd The Wall' villa has featured in numerous articles and documentaries.  Six bedrooms, under let due to being leased prior to the upgrade, but Vendor will make up the difference to provide a rent at market of $690pw to 31 December 2010.  Rental assessment and price supported by a Registered Valuation Report.  This is a rare opportunity to invest in location, quality and a high growth rental market where tenant demand exeeds supply.

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cutlers.co.nz/1313580

Tidy five bedroom house with loads of appeal.  Well under let at $470 per week for 2010.  Should be more like market rent of $550 per week, which would show a 7.5% yield on purchase price.  Well located right on Campus.  This is excellent buying for a five bedroom tidy student investment.  A higher rental would put its value well over $400,000.

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cutlers.co.nz/1323293

Superb two bedroom townhouse, part of an exclusive enclave of eight townhouse.  Prime position on George Street.  Sunny, quite, new kitchen, off street parking, excellent presentation and a lovely setting.  A rather unique opportunity for family at university, owner occupy, or investment.  Currently rented at $340 per week till 31 December 2009.  Lease for 2010 at $350 per week.  Being sold furnished.

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cutlers.co.nz/1173232

Superb investment in the central city.  Prime position, with a five bedroom studio room house, most with ensuites, sun and views, plus an upmarket self-contained one bedroom flat at ground level.  Generous car parking.  Has proven to be a reliable performer.  A high quality investment in all respects.  Producing $67,600 for 2009, almost fully let for 2010.

Currently leased as six studio rooms, all leased for 2010 at $950 per week, should nett around $40,000 pa after all expenses.  Very nice character features in this substantial property.  Nice private mature garden setting. Views, sun and carport.  7.25% nett return after all expenses. 

Absolute prime position so close to the Central Library.  Very tidy, well presented character house.  Recent new roof, upgraded decor, heatpump, w/w included, off street parking etc.  Being used by the owners at present.  Leased for 2010 at $500 per week, 7% return on asking price.  Leased as five bedrooms with sunny kitchen/living areas.  Outside laundry plus a spare room.  A nice tidy compact package in "the right position" on campus.  Settlement in December is preferred.

Try and find a better quality investment in central Campus!  An incredibly rare opportunity to secure the "rarest of property", a virtually brand new four bedroom, two bathroom unity, with prized position, furnished, privacy, car parking.  Leased for 2009 at $580 per week.  6.5% return.  Investment or family at university, this is an outstanding, "prime property".

Prime Investment, consisting of six studio rooms producing $55,640 gross income per annum.  PLUS space to build a second dwelling.  Has resource consent for commercial use in the front of house.  Many options here, investment, work/home, family home, develop add value.  A very sound, well presented, versatile property.  This is a superb opportunity.