Lowe & Co Realty

Lowe & Co Realty was formed with one goal in mind: to focus on delivering the best possible price for people selling their homes. We believe this is achieved by having the right people and the right culture. Our core values are strategy, teamwork, training, technology, collaboration, and fun.

When you choose Lowe & Co, you don’t just get one agent; you get an entire team working tirelessly to achieve the best possible result. We were previously the highest performing salespeople for Wellington's largest real estate agency. You can call any one of us and know that you are getting the best. We work full time, with all types of property, and together we have over 40 years of local experience.

When real estate is paramount, get us in, compare us against the competition, and see why our process is way out in front. You can expect an intense focus on getting the very best price for your home.

Lowe & Co Realty. Behold the difference.

Real Estate Agents

Lowe & Co Realty
Andrea Skews
Adam Cockburn
Lowe & Co Realty
8 Kent Terrace
Mount Victoria
Wellington 6011
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Listing #:
RX4939852
Listed:
14 days ago

Enquiries Over $1,700,000

BROOKLYN CASH COW – 19 INCOME STREAMS

3/50 Cleveland Street, Brooklyn, Wellington
Townhouse
bedroom
16 Bedrooms
bathroom
4 Bathrooms
livingroom
2 Living Rooms
carparkgarage
2 Car Garages
floorarea
570m2 Floor Area
About this property
Tucked discreetly behind the Brooklyn Village shops, this substantial multi-income property delivers the kind of scale and flexibility that serious investors are always searching for. Comprising two large apartments, 16 storage units, and a double garage, this rare offering produces diverse income streams in one of Wellington's most tightly held city-fringe suburbs. With rental upside and future development potential, this is a strategic asset positioned for both immediate income and long-term gain.

• Multi-income investment with scale – 19 separate income streams including two large apartments, 16 storage units, workshop plus a tandem garage
• Approximately 570sqm floor area across two buildings on a single title in the heart of Brooklyn Village
• Two substantial apartments – one configured as an 11-bedroom, 2-bathroom apartment and one as a 5-bedroom, 1-bathroom apartment
• Current rental configuration – 11-bedroom apartment rented as a 6-bedroom for $1,030 per week (fixed until Nov 2026) and 5-bedroom apartment rented for $830 per week (fixed until Oct 2026)
• Additional income streams – 16 storage units (partially tenanted), a large workshop currently rented for $200 per week on a periodic tenancy PLUS tandem garage (currently vacant)
• Estimated current income circa $2,300 per week with clear potential to increase as the Wellington rental market strengthens
• Low-maintenance, industrial-style improvements with heat pumps installed in each apartment
• Off-street parking for multiple vehicles plus large double garage providing additional rental flexibility
• Positioned directly behind Brooklyn Village shops with cafes, services, and bus transport literally at the door
• Easy access to Wellington CBD – a downhill stroll into the city and strong tenant demand for this central location
• Add-value and redevelopment potential for investors seeking to maximise long-term returns
• Buyer Enquiry Over $1,700,000

Opportunities with this level of income diversity and future potential in such a tightly held suburb are rare. Whether you're looking to secure strong multi-stream cashflow now or unlock further value over time, this Brooklyn Village investment deserves serious consideration—contact us today to arrange a private viewing.
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