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3/50 Cleveland Street, Brooklyn, Wellington City

Enquiries Over $2,250,000
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Terms and conditions: The documents related to property have been obtained from the third party and copies are made available to prospective purchasers and interested parties for general information purposes only. The information originates from a third party and not from the real estate agent, the vendors or Professionals Group New Zealand Limited. Neither the Vendors nor Professionals Group New Zealand Limited warrant the accuracy of the documents and no liability is accepted for any errors or omissions. It is recommended to all Purchasers and interested parties that they make their own property file enquiries for ‘Due Diligence’ purposes, and your own investigations with your lawyer.

Flexible Investment in Brooklyn Village
Features
11
6
570m2
Buyer Enquiries Over $2,250,000 Located in the bustling heart of Brooklyn Village, comprising of a standalone... Read more
Buyer Enquiries Over $2,250,000

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.

RED26487
Agent Details
Andrea Skews
Andrea Skews
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022 073 5548
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