A rare opportunity to secure a fantastic, uniquely different property offering the best of live and work / multi purpose home and business premises in the popular Paddington complex. Currently setup with a successful business running on the ground floor (rent $23,500 pa). Offering a large street front window good floor space, kitchenette, bathroom and patio space. A well-managed, high end AirBnB accommodation is currently run upstairs. Look to enhance your portfolio with the property currently bringing in around $55,000 per year total. Otherwise this would suit an astute owner occupier wanting an ideal city bolt hole.
Lower level features - Perfectly set up accommodating a small business with a four year lease in place. Offering a large street front windows captures the eye of the pedestrian foot traffic continuously passing by. Spread across a 30sqm floor area its designed to house office set up's, small businesses or retail shops. Fitted with a stylish kitchenette and tiled bathroom. A rear back patio offers outdoor seating options, storage space, or room for tables and chairs, capturing the sun.
Upstairs - Immaculately presented and well received on Airbnb offering perfect city centre guest accommodation OR the option of a live in opportunity/city bolt hole in a prime location. Fitted with a large open plan living/bedroom space, quality kitchen with good bench and storage space, laundry cupboard and tiled bathroom. With large windows and a high stud the property is flooded with natural light.
With many options on hand and in the perfect central city location you wont be short on tenants or custom whatever you should chose. Enjoy central city living and working with other 'like-minded' business to secure your positive cash flow.
Features
1 bedroom
2 bathrooms
60 m² floor area
crop_free38 m² lot size
cottageHouse
Happy sellers in Te Aro
67%
sentiment_satisfied
67% of sellers in Te Aro reported that their sale price either exceeded or met their price expectations.
Te Aro stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.
This is based on voluntary sentiment collected from 71 reviews in Te Aro over the last 12 months.
Local market activity for 1 bedroom houses in Te Aro
Sold
For Sale
For Rent
View the listing for inspection times, agent contact details, and more.