2 047 m² Commercial space in Nahoon

This appealing commercial investment opportunity is ideally positioned on a busy main road in the sought-after area of Nahoon. The property is a well-managed shopping centre with numerous established tenants, offering investors the chance to secure a prime, income-generating asset within a thriving retail and business hub.

The total gross lettable area is approximately 2,047m, comprising 1,437m of retail space, 310m of offices, and two residential flats totaling 150m, one of which includes a garage. In addition, there are five separate storage or garage units, adding up to around 150m and providing an extra rental income stream.

The property currently generates an annual income of R3.85 million, reflecting a strong yield and a fully let status.

Rental escalations are set at 6% per annum, ensuring consistent growth potential. All municipal services are in place, and the deal may qualify as zero-rated for VAT purposes, offering further financial advantage.

With prime visibility on a high-traffic road, a strong and diversified tenant mix, and a stable income stream across retail, office, residential, and storage components, this property represents a secure long-term investment with excellent prospects for both cash flow and capital appreciation.