Investment at the heart of Wellington CBD
Prime Mixed-Use Investment Property in the Heart of Wellington CBD
This fully tenanted mixed-use property offers a rare investment opportunity at the center of Wellington`s bustling CBD. The property consists of four renovated residential units and four business premises, making it an ideal combination of commercial and residential income streams.
- Total GLA (Gross Lettable Area): 415 m2
- Erf Size: 489 m2
- Monthly Gross Income: R48 300
Monthly expenses (rates & water) R5,600
Insurance R300
Total R5,900
- Income Growth: Annual escalations scheduled for next year
Property Features:
- Prime Location: Positioned in a high-visibility area with excellent exposure to passing traffic.
- Parking Availability: Ample parking for both tenants and customers.
- High Foot Traffic: The property benefits from strong foot traffic, contributing to the success of the business tenants.
- Recent Renovations: Residential units have been refurbished to modern standards, ensuring strong tenant demand.
This well-maintained property offers a solid investment with diversified income and future growth potential. Ideal for investors looking for a stable return with a mix of residential and commercial tenants.
Seize this opportunity to own a high-performing asset in one of Wellington`s most sought-after locations.
Transfer Duty will be payable. Call for more info or a viewing.
