845 m² Commercial space in Cannon Hill

Fully Tenanted Investment Property For Sale Canon Hill, Kariega

An excellent investment opportunity! This fully let building in Canon Hill, Kariega offers a diverse tenant mix and solid rental income, ideal for investors seeking immediate returns.

Property Breakdown:

Section 1:541m2 (including upstairs 422.5m2) currently a playschool and a ground-floor building supplies shop

Corner Shop:118.5m2 retail unit

Section 2:84m2 retail shop

Section 3:80m2 retail shop + 70m2 tyre shop

Section 4:70m2 retail shop

Key Features:

Fully tenanted with established businesses

Strong income-producing asset

Prime corner positioning with great visibility

Solid construction with a mix of retail, education, and trade tenants

Easy access to major routes in Kariega

Investment Highlights:

Asking Price: R2,300,000

Net Annual Income: R284,280

Attractive Cap Rate: 12.36%

Don''t miss out on this solid investment opportunity!

Contact me for more information.