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Passive income opportunity in a central, high-traffic location with a diverse tenant mix and built-in 7% annual lease escalations; 1,200 m² floor area on 652 m² land, strong yields.
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!
Advertised price is exclusive of VAT.
Listed for sale at R10,450,000
Wellington North offers a blend of industrial and commercial opportunities with developing infrastructure and access to essential services, making it an attractive location for businesses seeking a balance of affordability and connectivity.
* Distances and amenities are approximate.
