MAJORITY SHARE FOR SALE – ICONIC MERLOT COURT, WELLINGTON
Web Ref.
RL7456
Land size
1840.00 m²
8 Sectional Title Units | Prime Corner Location | Major Redevelopment Potential
Own the majority stake in Merlot Court, a landmark heritage building dating back to 1895, prominently positioned on the corner of Bain Street and Main Road — one of Wellington’s most sought-after and walkable areas.
Originally built as a boarding school and later a student residence, this character-filled property now offers a rare chance to control the future of an entire sectional title scheme.
LOCATION HIGHLIGHTS
• Walking distance to shops, cafés, gyms, and both malls
• Close to medical services and established retirement facilities
• Excellent visibility and access from Main Road
THE OPPORTUNITY
This sale includes 8 sectional Titles:
• 7 units sold from one entity.
• 1 unit sold by a Third Party.
The sale of these 8 out of a total of 11 Units will give the purchaser majority control of the Body Corporate. (Note: Units can also be sold separately)
The building is structurally sound with a good roof and retains beautiful original features, but requires refurbishment — making it ideal for a value-add investor or developer.
ZONING & FUTURE USE
Erf Size: 1,841 m²
Zoning: Multi-Unit Housing, including community residential and care uses
Ideal for:
*Boutique apartment redevelopment
*Assisted living / dementia care facility
*Long-term residential rental investment
WHY INVEST HERE
• Majority ownership in a historic landmark
• Flexible zoning with strong local demand drivers
• Prime central location
• Multiple redevelopment and income strategies
This is a rare chance to restore a heritage gem while unlocking significant long-term value.
Enquire NOW with the Sole mandate Agent for further information.
Own the majority stake in Merlot Court, a landmark heritage building dating back to 1895, prominently positioned on the corner of Bain Street and Main Road — one of Wellington’s most sought-after and walkable areas.
Originally built as a boarding school and later a student residence, this character-filled property now offers a rare chance to control the future of an entire sectional title scheme.
LOCATION HIGHLIGHTS
• Walking distance to shops, cafés, gyms, and both malls
• Close to medical services and established retirement facilities
• Excellent visibility and access from Main Road
THE OPPORTUNITY
This sale includes 8 sectional Titles:
• 7 units sold from one entity.
• 1 unit sold by a Third Party.
The sale of these 8 out of a total of 11 Units will give the purchaser majority control of the Body Corporate. (Note: Units can also be sold separately)
The building is structurally sound with a good roof and retains beautiful original features, but requires refurbishment — making it ideal for a value-add investor or developer.
ZONING & FUTURE USE
Erf Size: 1,841 m²
Zoning: Multi-Unit Housing, including community residential and care uses
Ideal for:
*Boutique apartment redevelopment
*Assisted living / dementia care facility
*Long-term residential rental investment
WHY INVEST HERE
• Majority ownership in a historic landmark
• Flexible zoning with strong local demand drivers
• Prime central location
• Multiple redevelopment and income strategies
This is a rare chance to restore a heritage gem while unlocking significant long-term value.
Enquire NOW with the Sole mandate Agent for further information.
Features
Interior
Exterior
Sizes
Listing Info
Wellington North, Wellington
- Street map
- Street view
- Amenities
- Schools
Filling Station
0.20 km - Lategan's Garage
0.33 km - TotalEnergies
0.36 km - C Droomer & Sons
Hospital/Clinic
0.21 km - MediCross Wellington
0.79 km - Huis McCrone Clinic
2.94 km - Wellington Community Health Centre
Police Station
0.16 km - South African Police Service Wellington Police Station
3.77 km - South African Police Service Mbekweni Police Station
4.49 km - South African Police Service - Wellington
Shopping Centre
0.15 km - Marchand Centre
0.16 km - Wellington Antiques
0.28 km - Masonic Centre
0.16 km - Cape Peninsula University Of Technology
0.25 km - Cape Peninsula University Of Technology - Wellington Campus
0.34 km - Hjn Training Western Cape
0.49 km - Kinderland Sentrum
0.49 km - Piano Piano
0.50 km - Hugo Rust Laerskool
0.52 km - Pauw Gedenk Primary
0.72 km - Cn Nasorg En Leersentrum
0.73 km - Destiny Kids Educare
0.94 km - Hugenote Hoërskool
0.98 km - Wellington Primary School
0.99 km - Aspatat Dagsorg
1.51 km - Val du Charron Girls' School
1.57 km - Bergrivier High School
1.62 km - Bambi Nursery School
4.50 km - Liyema
Average sold property price in Wellington North
Freehold
Sectional Scheme
Vacant Land
Freeholds
R1,735,931
40.0%
Average price
44
40.0%
Transfers
Sectional Titles
R800,105
50.0%
Average price
34
50.0%
Transfers
Estates
R1,877,472
33.3%
Average price
71
33.3%
Transfers
Finance
Total Amount Repayable
R0,00
Monthly Repayment
R0,00
Calculators:
Disclaimer
While every effort will be made to ensure that the information contained within the Agrisell website is accurate and up to date, Agrisell makes no warranty, representation or undertaking whether expressed or implied, nor do we assume any legal liability, whether direct or indirect, or responsibility for the accuracy, completeness, or usefulness of any information. Prospective purchasers and tenants should make their own enquiries to verify the information contained herein.
