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3/50 Cleveland Street, Brooklyn, Wellington City

Flexible Investment in Brooklyn Village

dollar

Negotiation

House
Home & income
Bedroom
11
Bathroom
6
Floor area
570m2
Title type
Unit Title
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Property details

Listing # RED26487 | Listed on 31 January

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.

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Additional features

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6 other parks

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