Bed for Sale Newcastle Newcastle

Property Details

This commercial building offers prime retail space with a variety of tenants and opportunities for potential growth. The building is divided into five shops, each equipped with offices, kitchen facilities, and toilets, ensuring a high level of convenience for tenants. Shop 1: Spanning 400 square meters, this unit is currently vacant, providing an excellent opportunity for a new tenant or business with a potential good monthly income. Shop 2: Also 400 square meters, current tentants this space, contributing a steady rental income of R27,100.89 per month. This well-established tenant adds stability and credibility to the building. Shop 3: This 180-square-meter shop is occupied by tenants, generating a rental income of R10,324.70 per month. This tenant adds value to the building with its educational focus. Shop 4: Another 180-square-meter space, this shop is currently vacant, offering an ideal opportunity for a new tenant to capitalize on its central location. Shop 5: The final 400-square-meter shop is currently leased providing a rental income of R2,487.07 per month. This unique tenant adds diversity to the building’s portfolio. In addition to the shop spaces, the building features a fire alley, ensuring safety and compliance with fire regulations. With a total of 1,760 square meters of rentable space, this building offers a blend of fully leased units and vacancies that could be ideal for new businesses or tenants. Its prime location in the center of town enhances its appeal, making it a desirable property for investors or businesses seeking exposure.