An exceptional property. Located in the heart of Wellington''s central business district, just off Church Street, this exceptional property offers a unique investment opportunity with a blend of commercial and residential spaces. Boasting a total of 4 shops on the ground floor and 4 apartments on the first floor, this property is a lucrative prospect for investors seeking steady rental income and potential future growth.
Property Highlights:
Diverse Tenant Mix : Currently housing a physiotherapist, hairdresser, biokinetics, and clothing shop on the ground floor, this property caters to a variety of businesses, ensuring a stable and diversified rental income stream.
Fully Tenanted Apartments : All four apartments on the first floor are currently occupied, providing immediate rental income to the new owner. These well-appointed residences offer comfortable living spaces and attract tenants seeking convenience and proximity to amenities.
Lucrative Rental Income : With a monthly rental income of R42,450, this property presents a compelling investment opportunity with the potential for further growth in rental returns.
Strategic Location : Situated in the historical Malherbe Street area, in close proximity to CPUT and all essential amenities, this property enjoys a prime location that is highly sought after by both tenants and investors. Wellington''s popularity among investors from other provinces further enhances its investment appeal.
Versatile Zoning : Zoned for business, this property offers endless possibilities for commercial ventures, including the potential for a licensed hotel with flats above. Its flexible zoning status allows for creative adaptation to meet the evolving needs of the market.
Historic Charm and Modern Convenience : Combining the charm of its historic surroundings with modern amenities, this property exemplifies the best of both worlds, making it an attractive option for tenants and investors alike.
Don''t miss out on this exceptional investment opportunity in Wellington Central. Whether you''re an experienced investor looking to expand your portfolio or a discerning buyer seeking a promising property with strong rental potential, this property offers the perfect blend of location, income, and potential for growth.
Contact us today to arrange a viewing and secure your stake in Wellington''s thriving real estate market.
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