Retail space in Wellington North

Exclusively Marketed by Meridian Realty.

This prime commercial property offers a diverse tenant mix, strong rental income, and built-in growth with annual escalations. With a potential 8.7% nett return, this is a standout investment.

Current Income:

Shop 1 Shop 4 Combined Income of R74,139 (excl. VAT & utilities).

Shop 5 (Upstairs): Vacant (potential income: R20,000pm excl. VAT & utilities).

Lease Escalations:

Most leases include a 7% annual escalation, ensuring steady rental growth.

Expenses:

Property Taxes: R4,479pm

Basic Rates:

- Electricity: R1,793pm

- Water: R80pm

Documentation:

All leases, contracts, and relevant documents are available for review.

Dont miss this opportunity to own a high-performing commercial property with strong income potential and growth!

Advertised price is exclusive of VAT.