Property description
This versatile property, zoned as mixed use, offers a multitude of possibilities and is strategically positioned in Wellington along the R44, conveniently close to the town center.
Spanning an impressive land area of 3226m2 and occupying the prominent corner of Stokery Road and 1st Street, this property presents an excellent investment opportunity for developers, farmers, or astute investors seeking prime real estate in an ideal location. The potential applications for this property are limitless, making it an opportunity that should not be overlooked. It's worth noting that this property has been rezoned for both mixed-use and agricultural purposes.
Situated on a small section of the land is a historic building with preservation restrictions, preventing its demolition. However, this building offers the potential for a creative transformation, such as converting it into a reception area, offices, or a spacious restaurant. Inside, you'll find a generously proportioned lounge/dining area characterized by high ceilings, exposed ceiling beams, and sturdy wooden flooring. The home comprises three bedrooms, a kitchen, one ensuite bathroom, and an additional separate bathroom.
Furthermore, a brand-new one-bedroom cottage has been recently constructed on the property, providing an attractive opportunity for generating additional income.
Sean Verdon and Tonja Ellman are representatives of Real Estate Power CC, T/A RE/MAX PREMIER, an Independently Owned and Operated franchise of RE/MAX SA.
- Flatlet
- Uncovered Parking
Location rating
Nearby Transport
Nearby Education
Nearby Other
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Repayment Costs
Monthly Total
Mortgage
Purchase price
Deposit 10%
RPayment term
20 yearsInterest rate
11.5%Your payment
R / mo.
