Accepting Offers.
DESCRIPTION:
This prime mixed use retail property is situated in the heart of popular and sought after Nahoon. Situated along a busy main road with lots of foot traffic makes this property the ideal investment.
PROPERTY INFORMATION:
• GLA 2047m²
• Comprises of Retail space, offices, garages and two residential apartments
• Annual income ±R 3.9 million
• Annual Escalation 6 %
• 100 % Fully let
• Full rent roll available
• Nett Yield of + - 10 %
• Vat Entity – Transaction can be zero rated
• All tenants have their own electricity meters and pay for their own electricity.
• Water, payable by some of the tenants
EXPENSES:
• Insurance ±R 4980.00 p.m excl vat
• Rates ±R 65 000 p.m
DETAILS:
• Erf size: 4503m²
DISCLAIMER:
The information supplied in this advert does not constitute a warranty of any kind or nature by the Sellers of the property or by the Brokers. Buyers must conduct their own investigations prior to purchasing.
Property Address
Nahoon, East London, Eastern Cape
