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 building in the heart of Evander CBD, offering an attractive entry point for investors looking to expand their property portfolio.
The property comprises eight smaller retail shops, all currently occupied by tenants, generating a combined rental income of approximately R30,000 per month.
Investment Highlights
8 income-generating shops
Established tenants already in place
Combined rental income of R30,000 per month
Attractive yield of approximately 14
Tenants to remain in occupation following the sale
Central CBD location with good commercial exposure
Building requires some minor TLC, providing an opportunity for future improvement and value enhancement
Ideal for an investor seeking an affordable, income-producing commercial property
This property offers the potential to acquire an existing rental-producing asset with immediate income, while also providing scope to improve the building and potentially enhance future returns.
A solid investment opportunity for the discerning property investor.
Call me 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