Property features

R12 900 000
Rates R13260 pm

Property Details

An investment opportunity presents itself with this fully occupied property, boasting four separate sections currently leased to tenants. Strategically situated on a corner along the bustling Terrace Road, the property offers ample customer parking, enhancing its appeal and accessibility. Each unit is in high demand, ensuring consistent occupancy and easy rental placement, underscoring its attractiveness to prospective investors. The property features a total under-roof area of 3,082m² on a spacious erf spanning 4,625m². Tenant agreements include varying lease periods and escalation clauses, providing stability and potential growth in rental income over time. With tenants locked into leases ranging from two to three years, coupled with manageable monthly expenses including rates and insurance, this investment opportunity presents a promising prospect for those seeking a reliable income stream from a well-tenanted property in a prime location.