2 635 m² Commercial space in Wellington Central

Exclusively available from Seeff Wellington

ACCEPTING OFFERS FROM R20 500 000

Prime CBD Mixed-Use Property Wellington, Western Cape

Overview:

We are pleased to present a rare and highly attractive investment opportunity in the heart of Wellingtons Central Business District (CBD). This offering includes a strategically located 8,008 m2 mixed-use property with a total built footprint of 2,635 m2. The site is zoned for both mixed-use and conventional housing, creating a flexible investment platform for immediate income generation and future development.

Notably, the Drakenstein Municipality has expressed a strong interest in encouraging Work-Live-Play developments within the CBD, aligning this property perfectly with the municipalitys long-term spatial and economic development goals.

Current Portfolio Performance

Current Tenants: 18

Occupancy Rate: 60% (with immediate upside potential)

2024 Valuation: R22,000,000

Portfolio Components

1. Residential Properties

Location: Prime areas within Wellington''s CBD

Occupancy Rate: 50%

Yield: Competitive, with potential for rental growth

Profile: Apartments catering to professionals, families, and students

2. Commercial Properties

Location: Key commercial nodes in Wellington CBD

Occupancy Rate: 90%

Yield: Strong, supported by stable long-term leases

Tenants: Retail outlets, offices, and service businesses

3. Development Potential

Opportunities: Ideal for redevelopment into a residential apartment block or mixed-use complex

Positioning: Strategically located within high-growth node

Zoning: Mixed-use + conventional housing

Alignment with Municipal Vision:

The Drakenstein Municipalitys development framework actively supports integrated urban precincts that promote a balance of residential, commercial, and lifestyle components. This property is perfectly positioned to become a flagship Work-Live-Play development that enhances urban livability and drives sustainable economic growth.

Investment Highlights

Diverse Income Streams: Secure blend of residential and commercial tenants

Prime Location: Central CBD with high demand, strong infrastructure, and excellent accessibility

Capital Growth: Significant upside via redevelopment or lease optimization

Strong Fundamentals: Wellingtons economic and population growth underpin demand