R22,000,000
Calling all investors
54B Church Street
Web Ref.
CLS4024
Exclusively available from Seeff Wellington
Prime CBD Mixed-Use Property – Wellington, Western Cape
Overview:
We are pleased to present a rare and highly attractive investment opportunity in the heart of Wellington’s Central Business District (CBD). This offering includes a strategically located 8,008 m² mixed-use property with a total built footprint of 2,635 m². The site is zoned for both mixed-use and conventional housing, creating a flexible investment platform for immediate income generation and future development.
Notably, the Drakenstein Municipality has expressed a strong interest in encouraging Work-Live-Play developments within the CBD, aligning this property perfectly with the municipality’s long-term spatial and economic development goals.
Current Portfolio Performance
Current Tenants: 18
Occupancy Rate: ±60% (with immediate upside potential)
2024 Valuation: R22,000,000
Portfolio Components
1. Residential Properties
Location: Prime areas within Wellington's CBD
Occupancy Rate: 50%
Yield: Competitive, with potential for rental growth
Profile: Apartments catering to professionals, families, and students
2. Commercial Properties
Location: Key commercial nodes in Wellington CBD
Occupancy Rate: 90%
Yield: Strong, supported by stable long-term leases
Tenants: Retail outlets, offices, and service businesses
3. Development Potential
Opportunities: Ideal for redevelopment into a residential apartment block or mixed-use complex
Positioning: Strategically located within high-growth node
Zoning: Mixed-use + conventional housing
Alignment with Municipal Vision:
The Drakenstein Municipality’s development framework actively supports integrated urban precincts that promote a balance of residential, commercial, and lifestyle components. This property is perfectly positioned to become a flagship Work-Live-Play development that enhances urban livability and drives sustainable economic growth.
Investment Highlights
Diverse Income Streams: Secure blend of residential and commercial tenants
Prime Location: Central CBD with high demand, strong infrastructure, and excellent accessibility
Capital Growth: Significant upside via redevelopment or lease optimization
Strong Fundamentals: Wellington’s economic and population growth underpin demand
Prime CBD Mixed-Use Property – Wellington, Western Cape
Overview:
We are pleased to present a rare and highly attractive investment opportunity in the heart of Wellington’s Central Business District (CBD). This offering includes a strategically located 8,008 m² mixed-use property with a total built footprint of 2,635 m². The site is zoned for both mixed-use and conventional housing, creating a flexible investment platform for immediate income generation and future development.
Notably, the Drakenstein Municipality has expressed a strong interest in encouraging Work-Live-Play developments within the CBD, aligning this property perfectly with the municipality’s long-term spatial and economic development goals.
Current Portfolio Performance
Current Tenants: 18
Occupancy Rate: ±60% (with immediate upside potential)
2024 Valuation: R22,000,000
Portfolio Components
1. Residential Properties
Location: Prime areas within Wellington's CBD
Occupancy Rate: 50%
Yield: Competitive, with potential for rental growth
Profile: Apartments catering to professionals, families, and students
2. Commercial Properties
Location: Key commercial nodes in Wellington CBD
Occupancy Rate: 90%
Yield: Strong, supported by stable long-term leases
Tenants: Retail outlets, offices, and service businesses
3. Development Potential
Opportunities: Ideal for redevelopment into a residential apartment block or mixed-use complex
Positioning: Strategically located within high-growth node
Zoning: Mixed-use + conventional housing
Alignment with Municipal Vision:
The Drakenstein Municipality’s development framework actively supports integrated urban precincts that promote a balance of residential, commercial, and lifestyle components. This property is perfectly positioned to become a flagship Work-Live-Play development that enhances urban livability and drives sustainable economic growth.
Investment Highlights
Diverse Income Streams: Secure blend of residential and commercial tenants
Prime Location: Central CBD with high demand, strong infrastructure, and excellent accessibility
Capital Growth: Significant upside via redevelopment or lease optimization
Strong Fundamentals: Wellington’s economic and population growth underpin demand
Features
Zoning
Sizes
Wellington Central, Wellington
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Monthly Repayment
R0,00
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