R 10 950 000
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1 200 m² Retail Space in Wellington North
652 m²
1 200 m²
Commercial Investment Opportunity | Exclusively Marketed by Meridian Realty
This commercial property offers a diverse tenant mix and established rental income, with annual escalations on most leases. The indicated potential net return is approximately 9.5, subject to verification of the leases, expenses and purchase terms.
Monthly rental income
-Shops 14: R101,000 combined, including VAT
-Shop 5 upstairs: R16,000, including VAT
Lease escalations
Most leases provide for a 7 annual increase.
Monthly property charges
-Property taxes: R4479
-Basic electricity charge: R1793
-Basic water charge: R80
Tenants pay all utilities. Leases, contracts and supporting documents are available for review.
The advertised price excludes VAT.
Property details
- Listing number T4991417
- Property type Retail
- Listing date 6 Mar 2025
- Land size 652 m²
- Floor size 1 200 m²
- Rates and taxes R 6 352