720 m² Commercial space in Somerset West Central

EXCLUSIVE SOLE MANDATE BY NICO SWART OF TEAM JUAN COMBRINCK

Nestled in the bustling heart of Somerset West''s business hub, this property presents a lucrative investment opportunity. Boasting four established tenants occupying the premises, with the potential to accommodate an additional commercial space, it offers a solid foundation for expanding your income stream.

As of 2024, the property generates a combined income of R 515,000 for the year, providing a substantial return on investment (ROI) of 7.6%. With its prime location and proven rental income, this property promises both stability and growth potential for discerning investors. Whether you''re seeking to diversify your portfolio or capitalize on the thriving commercial landscape, this property presents an enticing prospect for long-term financial success.

Moreover, lease agreements are in place for the next couple of years, ensuring a steady income stream. Additionally, with escalations between 5% - 7% due annually on these lease agreements, the potential for increased returns over time further enhances the attractiveness of this investment opportunity.