Property features

R20 000 000

Property Details

**INVESTMENT OPPORTUNITY - ATTENTION INVESTORS!** This fully occupied building features two retail stores on the ground floor, housing well-established tenants with favorable annual escalations. The second floor is leased on a month-to-month basis to a diverse mix of businesses, including a ladies' salon, men's barber, jewelry repair service, and laundromat. With a net rental income of R1,570,000.00 per annum, detailed expense reports are available upon request. Located at 30 St Georges Mall, this property enjoys a prime position in the city center, offering excellent access to transport links. Currently, the building spans two stories but has the potential for expansion up to 20 floors, covering 450m² of floor space. The second floor boasts high ceilings, with the option to add a mezzanine level. Surrounded by a variety of restaurants and retail shops, this area benefits from high foot traffic and visibility, making it highly sought after. Contact us today to schedule a viewing!