Commercial space in Merrivale

Positioned on a prominent main road in Howick, this versatile property presents an excellent opportunity for investors, developers or business owners seeking exposure, existing income and future growth potential.

The property comprises three separate buildings and currently generates a rental income of approximately R11,000 per month.

Accommodation includes:

A spacious 3-bedroom unit

A separate 1-bedroom unit

A small 1-bedroom flatlet

Shared carport

Prepaid electricity throughout

All buildings are in good condition and currently provide immediate income potential.

One of the property''s standout features is the additional land available for further development. There is sufficient space to construct additional units, creating an opportunity to significantly increase the property''s rental income and overall investment return.

The property is zoned Service Industry, offering flexibility for a range of potential commercial and business uses, while its prominent position ensures excellent exposure to passing traffic. Service Industry zoning is particularly relevant in the Howick market, where main-road commercial and industrial properties benefit from visibility and accessibility.

Investment Highlights

Excellent main road exposure

Three separate income-producing buildings

Current rental income of R11,000 per month

3-bedroom unit

Two 1-bedroom units

Prepaid electricity

Shared carport

Buildings in good condition

Space for additional development

Potential to increase rental income

Service Industry zoning

Excellent visibility and accessibility

A versatile property offering immediate rental income today, with the space and potential to unlock significantly greater returns in the future.

Call Richard Fincham to schedule a viewing.