Property Details
An exceptional investment opportunity awaits in the heart of Steynsburg, Eastern Cape. This well-maintained commercial property offers a lucrative combination of fully occupied retail spaces, office units, residential accommodation, and additional en-suite rooms, ensuring consistent income generation. Whether you are an investor seeking a stable return or a business owner looking for a multi-purpose space, this property delivers unparalleled value.Property Overview
This commercial building is strategically located in a prime area, ensuring high visibility and accessibility for both tenants and customers. The property is designed to accommodate a mix of commercial and residential occupants, making it a versatile investment with diverse revenue streams. Key features of this exceptional property include:
Two Fully Occupied Shops: Both retail units are leased to long-term tenants, providing a stable rental income. The shops are well-maintained and cater to the needs of the local community, ensuring continued demand for these spaces.
Fully Occupied Office Space: The office section of the building is also fully occupied, adding to the investment’s appeal. With stable, long-term tenants in place, this component of the property guarantees reliable monthly income.
Spacious Three-Bedroom Flatlet: This residential unit provides comfortable living space, making it an attractive feature for potential tenants or an on-site owner. The flatlet includes:
Three well-sized bedrooms, each fitted with built-in cupboards for ample storage.
A full bathroom and a separate toilet, adding convenience and functionality.
A well-appointed kitchen and spacious living area, ideal for a small family or professional occupants.
Five En-Suite Rooms with Air Conditioning: Located at the back of the building, these five rooms each come with their own en-suite bathrooms, ensuring privacy and convenience. Each room is fitted with an air-conditioning unit, enhancing comfort for tenants. These units are ideal for long-term or short-term rentals, such as guest accommodation or staff housing.
Parking & Garages: The property boasts ample parking space, catering to both tenants and visitors. Additionally, the presence of double garages provides secure parking options or storage space.
Prepaid Electricity: A significant advantage of this property is the prepaid electricity system, allowing tenants to manage their own usage while reducing administrative burdens for the owner.Investment Potential & Tenant Stability
One of the most attractive features of this commercial property is its long-term, stable tenants. With full occupancy across all units, this property ensures a steady rental income with minimal vacancy risk. The diverse mix of commercial, office, and residential spaces further strengthens its investment appeal, as it reduces dependency on a single revenue source.Location & Accessibility
Steynsburg is a growing town in the Eastern Cape, known for its welcoming community and developing infrastructure. The property’s location ensures high foot traffic and accessibility, making it an ideal spot for businesses to thrive. Essential amenities, including shops, schools, and transport links, are within close proximity, adding to the convenience for tenants and customers alike.Key Highlights
Fully occupied commercial and office spaces
Three-bedroom flatlet with built-in cupboards
Five en-suite rooms with air conditioning
Prepaid electricity for cost management
Ample parking and double garages
Prime location with high visibility and accessibility
Long-term tenants ensuring stable rental incomeConclusion
This commercial property in Steynsburg, Eastern Cape, presents an outstanding investment opportunity. With full occupancy across its retail, office, and residential units, the property generates consistent rental income while offering long-term growth potential. Whether you are an investor looking for a low-risk, high-return asset or a business owner seeking a strategic location, this property is a rare find in the market.
For more information or to schedule a viewing, please contact us today. Don’t miss out on this exceptional investment opportunity!