Retail for sale
Prime high-traffic retail investment with diverse tenant mix and established rental income, central location convenience and long-term leases with 7% annual escalations — potential 9.5% net return.
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 1–4: 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.
Listed for sale at R10,450,000
Price increased by 2.9% to R10,750,000
Price increased by 1.9% to R10,950,000
Wellington North offers a thriving commercial and industrial environment with strong transport links, making it an attractive location for manufacturing, logistics, and retail businesses in the Western Cape.
