R 2 400 000
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881 m² Commercial space in Evander

881 m²

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

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