3/50 Cleveland Street, Brooklyn, Wellington City, Wellington

Price by Negotiation

Located 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.