3/50 Cleveland Street, Brooklyn, Wellington, Wellington

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.