1 753 m² Commercial space in Wellington Central
Prime Mixed-Use Investment Property in the Heart of Wellington CBD
An exceptional opportunity to own a high-income, mixed-use property in the bustling heart of Wellingtons CBD. This well-maintained investment asset boasts a total GLA of 1,753m2, with seven tenants, including two national anchor tenants on secure five-year leases.
Key Investment Highlights:
High Rental Income Generating a GROSS monthly income of R219 000 ( VAT INCLUDED ) and a strong annual return of R2 625 000 ( VAT INCLUDED )
- OPEX +- R31 600 which includes insurance, rates and taxes and security.( Tenants liable for rates )
- Diverse Tenant Mix A combination of established retail and commercial tenants ensuring stable cash flow.
- Prime Location Situated in Wellingtons central business district, offering maximum visibility and foot traffic.
- Rare Private Off-Street Parking A valuable feature that enhances accessibility and tenant appeal.
- Secure, Long-Term Leases National anchor tenants provide stability and investment security.
This is a rare chance to acquire a premium income-generating asset in a high-demand location. Dont miss out on this exceptional investment opportunity!
Property details
- Listing number T4966507
- Property type Commercial
- Listing date 17 Feb 2025
- Land size 3 490 m²
- Floor size 1 753 m²
- Rates and taxes R 27 000