R 10 250 000 | retail property for sale in wellington north

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.