POA
Ref.
CLS4238
Land
3711.00m²
Floor
1835.00 m²
Rare investment opportunity at the heart of Wellington CBD
99 Main Road
Web Ref.
CLS4238
Mixed-Use Property with Service Station in the Heart of Wellington CBD
A rare and exceptional opportunity to own a pivotal piece of Wellington's history, this mixed-use property has been under the ownership of the current proprietor since its inception. Located in the heart of Wellington CBD, this iconic property has played a key role in the development of the area, with two historic buildings on site serving as a testament to its legacy. The property is exceptionally well-maintained, blending the charm of history with the potential for modern redevelopment.
Key features of the property include:
- Service Station: At the heart of the property, the service station operates with high volume, pumping an average of 100,000 liters per month, contributing to its strong rental income and solid investment appeal. Average income from fuel is R85 000 per month profit
- Land Area & Size:The property spans 3 titles with a total area of 3,711 square meters, providing ample space for further development or expansion. The estimated Gross Lettable Area (GLA) is 1,830 square meters, offering significant versatility for various uses.
- Residential and Commercial Spaces:
- Main House (165 sqm):A historic 3-bedroom main house currently undergoing extensive renovations, offering potential for a family residence or high-end accommodation.
- 3 Bedroom Flat (205 sqm):A spacious and well-maintained flat, ideal for residential rental or staff accommodation.
- Large Workshop (550 sqm): A large workshop with car lifts, perfect for automotive services or heavy-duty workshops.
- Small Workshop (150 sqm):Additional workshop space, not currently on plan, offering further versatility.
- Four Smaller Workshops (320 sqm):Various smaller workshop units that provide additional income-generating potential.
- 1 Bedroom House (65 sqm):A cozy, income-producing residential unit.
- Showroom (205 sqm):A prime retail or showroom space, ideal for businesses in need of high-visibility.
- Offices & Garages (175 sqm):Office space and garages that add flexibility to the site's commercial offerings.
- Redevelopment Potential:The property is ripe for redevelopment, offering significant potential for further expansion or transformation into a mixed-use commercial and residential complex, subject to local council approval.
- Investment Opportunity:With a total rental POTENTIAL of R75,000 per month, this property represents a solid income-generating asset.
This unique property combines historic charm with a lucrative service station operation and a wealth of potential for redevelopment, making it an exceptional investment in the vibrant Wellington CBD. Don’t miss the chance to secure this strategically located, high-potential property. Contact us today to arrange a viewing or learn more!
A rare and exceptional opportunity to own a pivotal piece of Wellington's history, this mixed-use property has been under the ownership of the current proprietor since its inception. Located in the heart of Wellington CBD, this iconic property has played a key role in the development of the area, with two historic buildings on site serving as a testament to its legacy. The property is exceptionally well-maintained, blending the charm of history with the potential for modern redevelopment.
Key features of the property include:
- Service Station: At the heart of the property, the service station operates with high volume, pumping an average of 100,000 liters per month, contributing to its strong rental income and solid investment appeal. Average income from fuel is R85 000 per month profit
- Land Area & Size:The property spans 3 titles with a total area of 3,711 square meters, providing ample space for further development or expansion. The estimated Gross Lettable Area (GLA) is 1,830 square meters, offering significant versatility for various uses.
- Residential and Commercial Spaces:
- Main House (165 sqm):A historic 3-bedroom main house currently undergoing extensive renovations, offering potential for a family residence or high-end accommodation.
- 3 Bedroom Flat (205 sqm):A spacious and well-maintained flat, ideal for residential rental or staff accommodation.
- Large Workshop (550 sqm): A large workshop with car lifts, perfect for automotive services or heavy-duty workshops.
- Small Workshop (150 sqm):Additional workshop space, not currently on plan, offering further versatility.
- Four Smaller Workshops (320 sqm):Various smaller workshop units that provide additional income-generating potential.
- 1 Bedroom House (65 sqm):A cozy, income-producing residential unit.
- Showroom (205 sqm):A prime retail or showroom space, ideal for businesses in need of high-visibility.
- Offices & Garages (175 sqm):Office space and garages that add flexibility to the site's commercial offerings.
- Redevelopment Potential:The property is ripe for redevelopment, offering significant potential for further expansion or transformation into a mixed-use commercial and residential complex, subject to local council approval.
- Investment Opportunity:With a total rental POTENTIAL of R75,000 per month, this property represents a solid income-generating asset.
This unique property combines historic charm with a lucrative service station operation and a wealth of potential for redevelopment, making it an exceptional investment in the vibrant Wellington CBD. Don’t miss the chance to secure this strategically located, high-potential property. Contact us today to arrange a viewing or learn more!
Features
Zoning
Sizes
Wellington North, Wellington
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Monthly Repayment
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