Located just off Church Street in Wellington’s vibrant Central Business District, this mixed-use property presents an unique and lucrative investment opportunity. Offering a combination of ground-floor commercial units and fully tenanted residential apartments on the first floor, the property is ideal for investors seeking steady rental income and long-term growth potential.
Property Highlights:
• Diverse Commercial Tenants : The ground floor hosts four well-established commercial units, including a hair salon, biokinetics practice, and physiotherapy clinic, ensuring a reliable and varied tenant base.
• Fully Tenanted Residential Units : The first floor features four fully occupied apartments, offering consistent rental income from residential tenants. These well-maintained units
provide comfortable living spaces, attracting tenants looking for convenience and proximity to Wellington's amenities.
• Strong Rental Yield : This property offers an attractive yield with potential for increased returns over time.
• Strategic Location : Positioned in Wellington's historical Malherbe Street area, close to CPUT and essential amenities, the property enjoys high demand from both commercial and residential tenants. Its central location and easy access further enhance its desirability among local and out-of-province investors.
• Versatile Zoning : This property offers flexibility for a wide range of commercial ventures and provide options for future expansion or adaptation to market demands.
• Historic Charm with Modern Convenience : The property blends the charm of its historic surroundings with modern amenities, offering a unique appeal to both tenants and investors.
Whether you're an experienced investor looking to expand your portfolio or a buyer seeking a high-potential property, this Wellington CBD gem offers a solid blend of location, rental income, and future growth potential. Don't miss the opportunity to secure your stake in Wellington’s thriving real estate market.
Contact us today to arrange a viewing and take advantage of this exceptional investment opportunity.
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