Property features

R20 100 000
Rates R27000 pm

Property Details

A well-positioned mixed-use commercial property in the heart of Nelspruit, highly visible from two main streets. It will be selling as a going concern The property spans two stands, totaling 3,163m² of land, with a lettable area of 3,799m² plus an enclosed 300m² yard. The building comprises retail shops, offices, and warehouse space, all within walking distance of major public transport hubs and surrounded by a vibrant local business environment. The mixed-use property offers flexibility: ideal for retail, office, or warehousing. It is income-producing with current tenants in place and an opportunity to increase returns. TOTAL RENTAL INCOME (EXCL. VAT) with flexible letting options: - Total Monthly Gross Income: R126,882.61 - Annual Income (Excl. VAT): R1,522,591.32 - Estimated Net Operating Income: R1,197,970.56 Tenant Mix: Restaurant, Hairdresser, Warehouses of 2,417m²+, Secure enclosed yard and offices. EXPENSES: - Municipal Rates & Refuse: R27,000/month (R324,620/year) Please contact me to view the premises.