R 3 400 000
58 m² Retail Space in Stellenbosch Central
Tenanted retail space in prime location, excellent investment opportunity in Plein Street, Stellenbosch.. Discover this hidden gem in the heart of Simonsplein! Nestled within the popular courtyard with the soothing sounds of a fountain, this commercial space is an absolute treasure.
Size: 58m2 (excluding bathroom facilities)
Amenities: Air-conditioning and back-up power
Utilities: Pre-paid electricity for convenience
Lease Agreement Highlights:
Tenant responsible for monthly Municipal rates and taxes
Initial term: 3 years with an option to extend for 2 more years.
Yearly escalation: 9% for predictable financial planning
Yield figures are available upon request, showcasing the promising returns this space can offer.
Property details
- Listing number T4616400
- Property type Retail
- Floor size 58 m²
- Rates and taxes R 1 214
- Levies R 2 996