Prominent high yield commercial property in CBD. Offering two individual title deeds measuring 860 m and 1131 m respectively, this well known property boasts a variety of national and local tenants. With a GLA of 1720 m out of a total GBA of 1978 m the efficiency ratio is exceptional. The street front iconic 4-storey building with its wide commercial - tenant spectrum, generates retail, office, storage, parking and signal tower income. It is a low maintenance and well maintained building, consisting of 28 let able units. Each floor has its own kitchenette and two restrooms. Access is convenient with a wide, well kept staircase as well as a central Otis elevator (capacity 700 kg/10 people). The large secure parking area at the rear consists of the following: 14 Gated garages , 8 Secure underroof parking bays, 3 Lockup garages, 2 Storerooms and a big Warehouse.
The property is well positioned with great exposure along Church Street and its traditional high passing foot traffic. Ideally situated between the retail buzz of High Street and the tourist Golden Mile (Baron van Reede Street) towards the famous Cango Caves. It is set in the vibrant commercial node on the Northern side of our CBD. Across the Post Office and walking distance to all amenities and public transport.
Recently negotiated two to five year lease agreements with high quality anchor tenants makes this a low risk investment. Market competitive yield with immediate potential increase.
Do not miss this opportunity to secure a premium commercial building in Oudtshoorn where location and profitability combine to create the ideal investment.
Property owned by VAT entity.
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