Property features

R34 000 000

Property Details

Introducing two properties, located on a prime street Corner in Nelspruit Business District. These two properties are for sale as a package deal. Located aproxx. 1 km from Nelspruit CBD, and situated on a busy street corner, these properties offer great access and visibility, being central and proximity to municipal offices, public transport, shopping centers and located a few blocks out of CBD. Referred to as building 1, The entire space of 870 Sqm is currently vacant. The space has been vacant for some years and requires renovations. The seller is currently renovating and making the necessary changes, to get the building ready to sell. Referred to as building 2, As of the date of loading this advert, Part of the vacant space has been occupied by a government tenant on a long-term lease, as of 1st June 2024. This leaves approx.. 600 Sqm vacant. In the area, it can be expected to achieve a rental between R120/Sqm to R130/Sqm. I feel this would be considered market related and can help calculate a realistic yield on the property for sale. Offers on the property are welcome. To arrange a viewing or request further information, please contact me.