Retail for sale
Income-focused commercial investment offering steady cashflow in a prime, high-visibility location; diverse tenant mix, 7% annual lease escalations and potential 8.7% nett return with vacant upstairs unit.
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
Price increased by 2.9% to R10,750,000
Wellington North offers a strategic commercial environment characterized by a blend of established industrial zones and growing retail nodes, providing excellent connectivity to the broader Cape Winelands business corridor.
