This is an excellent investment opportunity offering a stable and diverse tenant mix. The property is in outstanding condition and has been exceptionally well maintained.
The building is fully let to four established tenants, with unit sizes ranging from 35 sqm to 156 sqm. The individual unit sizes comprise approximately 156 sqm, 90 sqm, 35 sqm and 87 sqm. The property currently generates a total rental income of R48,673 per month, excluding VAT.
The existing leases provide for market-related annual rental escalations ranging between 7% and 8%, supporting steady income growth and enhancing the long-term investment appeal of the asset.
Situated on a generous 1,011 sqm erf, the property also benefits from 14 on-site parking bays, providing ample parking for tenants and visitors alike.