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2 Moncrieff Street

2 Moncrieff Street Wellington
proudly marketed by
Team Wellington Ltd MREINZ
9 Income Stream Opportunity
Own this exceptional income-generating property in Mt.Victoria, comprising 9 fully self-contained 1-bedroom studio apartments. Each apartment averages $530 per week in rent, inclusive of electricity and Wi-Fi, ensuring a consistent income flow. Strategic location which is walking Distance to City Amenities and Transportation and furthermore there are 5 Carports, 2 Garages, Manager's Office/Workshop, and 6 Storage Lockers. Unleash Future Development Potential: This property holds immense potential for future development, subject to council permits. Explore options to maximize its value: Convert to Short-Term Rentals: Cater to tourists and business traveller's through platforms like Airbnb, potentially increasing revenue. Expand and Redevelop: Consider expanding the building's footprint or redeveloping it into a mixed-use complex, boosting property value and rental income. Creative Redevelopment Ideas: Transform the property into a co-living space, a student dormitory, or a boutique hotel, targeting specific demographics for higher returns. Don't miss out on this prime investment opportunity with exceptional development potential. Contact me today for an information pack and to schedule a viewing. Please note that viewing is strictly by appointment only.
Upload by Lysanah Maguire