881 m² Commercial space in Evander
INVESTMENT OPPORTUNITY INCOME-PRODUCING COMMERCIAL PROPERTY IN EVANDER CBD
8 Shops | Established Tenants | R30,000 Monthly Rental Income | 14 Yield
An excellent opportunity to acquire an income-producing commercial property in the heart of Evander CBD. This property offers an attractive entry point for investors looking to expand their portfolio with an established rental-producing asset.
The building comprises eight individual retail shops, all currently occupied by tenants and generating a combined rental income of approximately R30,000 per month.
Investment Highlights:
8 income-generating retail shops
Established tenants already in place
Combined rental income of approximately R30,000 per month
Attractive yield of approximately 14
Existing tenants to remain in occupation after the sale
Central Evander CBD location with good commercial exposure
Building requires some minor TLC, offering scope for future improvements
Potential to enhance the property''s appeal and long-term value
Ideal for investors seeking an affordable, income-producing commercial property
This property offers the opportunity to acquire an established rental-producing asset with income from day one, while still providing scope for improvements and potential future growth.
A worthwhile opportunity for the property investor looking to add a commercial asset with existing rental income to their portfolio.
Call us today to discuss this opportunity and arrange a viewing.
Property details
- Listing number T3784550
- Property type Commercial
- Listing date 11 Jul 2022
- Floor size 881 m²
- Rates and taxes R 2 500