Wellington North, Wellington, Western Cape ID 1182355
Retail
1200m2
652m2
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. Don’t miss this opportunity to own a high-performing commercial property with strong income potential and growth!
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