R 2 950 000

553 m² Commercial space in Newlands

173 main road

1295 m² 553

Introducing a lucrative investment opportunity in the heart of Newlands! This property boasts a total area of 1295 square meters, with 553 square meters dedicated to commercial space featuring four shop fronts. Additionally, the property includes seven residential rooms located at the back. Currently generating a monthly income ranging between R30,000 and R45,000, this property presents an attractive proposition for investors seeking steady returns. The asking price for the entire property is set at 2,950,000 (no VAT).

Property details

Listing number T4546752
Property type Commercial
Erf size 1295 m²
Floor size 553 m²