Moncrieff Street, Mount Victoria, Wellington

9 Fully Self-Contained Apartments Generating Consistent Income!

This exceptional income-generating property in Mt. Victoria is your chance to own a piece of prime real estate. With 9 fully self-contained 1-bedroom studio apartments, each averaging $530 per week in rent (inclusive of electricity and Wi-Fi), you're guaranteed a steady income stream.

Strategic Location & Excellent Amenities:

Located within walking distance of city amenities and transportation, this property offers unparalleled convenience for tenants. Additionally, it boasts 5 carports, 2 garages, a manager's office/workshop, and 6 storage lockers, providing ample space and functionality.

Unleashing Future Potential:

This property offers exciting development opportunities, subject to council permits. Maximize its value by exploring options like:

Converting to Short-Term Rentals: Cater to tourists and business travelers through platforms like Airbnb for potentially higher revenue.
Expanding and Redeveloping: Consider increasing the building's footprint or redeveloping it into a mixed-use complex, boosting property value and rental income.
Creative Redevelopment: Transform the property into a co-living space, a student dormitory, or a boutique hotel, targeting specific demographics for even greater returns.
Don't miss this prime investment opportunity with exceptional development potential!

Contact us today for an information pack and to schedule a viewing. Please note that viewing is strictly by appointment only.