This multi-unit property features a collection of well maintained apartments, each offering a steady stream of rental income. Whether you're a savvy investor or looking to maximize your property's portfolio, this property promises a reliable cash flow.
Strategically located in a prime area that is in need of more senior care homes, retirement estate and frail care facilities and this property has the potential to provide that, so it would suit the aspiring investor who is keen on expanding in different fields or an existing facility that needs a second location. There is even space to build an on site laundry!
Includes a Residential house and on an adjoined Erf with Commercial apartments
Main house : 3 bedrooms, 3 bathrooms and 2 flatlets with their own bathrooms
At the Wellington House Property, which has commercial rights, there are 17 Apartments in total, a mix of 9 batchelor and 8 x 1 bedroom apartments
Gas geysers throughout for tenant's expense
Secure with security gates right around
Space to add laundry
Potential to convert into Seniors home or Frail care centre
Secure parking available
Viewings strictly by appointments due to the nature of the business.
Updated on December 5, 2023 at 3:01 am
Reference #: 1355478
Suburb / Town: Wellington
Property Type: House
Stand Size: 2384.0 ㎡
Rates & Taxes: R 2105
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