Professionals - Redcoats Limited Wellington
Real Estate Agents
- Listing #:
- RED26487
- Listed:
- 312 days ago
Negotiation
Flexible Investment in Brooklyn Village
3/50 Cleveland Street, Brooklyn, Wellington CityResidential House
-
- 11 Bedrooms
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- 6 Bathrooms
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- 570m2 Floor Area
About this property
Price by NegotiationLocated in the bustling heart of Brooklyn Village, comprising of a standalone 5-bedroom property offering the best of both worlds: residential charm with commercial potential. The second building, currently configured as an 11-bedroom boarding house, adds to the investment appeal, whether you're looking for rental income, redevelopment, or a mix of residential and commercial opportunities. Zoned commercial, this property unlocks endless possibilities.
Key Features:
- Two properties on one title – A rare and versatile offering.
- 570m2 total floor area – large floor area for potential multiple use.
- $150,000 appraised potential combined net income – A proven income generator.
- Five-bedroom separate residence – Perfect for a family rental or Airbnb option.
- 16 bedrooms in total – Established tenants in place, ensuring steady cash flow.
- Shared facilities – Kitchen, lounge, and multiple bathrooms for tenant convenience.
- 16 storage lockers – Additional revenue potential.
- Lock-up garage and workshop – Ideal for added storage or hobbies.
- Onsite parking – A valuable feature for tenants and visitors.
Viewing strictly by appointment.
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