27 & 27A Brunel Street, Mornington, Dunedin, Otago, 9011, New Zealand
Set across approx. 761m² of freehold land in sought-after Residential Zone 2, this exceptional property offers not just one, but three distinct opportunities. Whether you’re a savvy investor, a live-in landlord, or a developer eyeing medium-density potential, this versatile site delivers.
**Option 1 – Strong Multi-Income Investment**
Maximise return with three tenanted spaces already in place:
27A Brunel Street – Renovated 1-bedroom, 1-bath home currently rented at $425/week
27 Brunel Street – Renovated 2-bedroom, 1-bath home with a separate studio (own access), previously rented together for $525/week
24 Glenpark Avenue (garage) – Currently leased as a storage unit at $115/week
Total potential rental income: $1,065 per week
A ready-made portfolio performer with great tenants and strong yield.
**Option 2 – Live In & Supplement Your Mortgage**
Make it your home while enjoying extra income:
Reside in the stylish 2-bedroom home at 27 Brunel Street, complete with a bonus studio—ideal for a home office, creative space, or teen retreat.
Continue renting out 27A Brunel Street for $425/week
Keep the Glenpark garage tenanted for storage at $115/week
Enjoy peace, privacy, and the freedom of homeownership—while the property works for you in the background.
**Option 3 – Prime Zone 2 Development Site**
With dual access from Brunel Street and Glenpark Avenue, this 761m² (approx.) section is positioned in the heart of Residential Zone 2—making it ripe for multi-unit development (subject to council consent). Clear the site or work with existing dwellings to realise your vision. Excellent street frontage, services at hand, and a location that will reward smart planning.
Whether you’re focused on immediate returns, long-term value, or a place to call home with income on the side—this is one of those rare finds that truly ticks every box.
