Accepting Offers.
DESCRIPTION:
This prime retail commercial property is situated in the heart of ever so popular and sought after Mthatha. Blue Chip anchor tenants provide the ideal investment opportunity with great potential and investment growth.
PROPERTY INFORMATION:
• Some of the National Tenants include: Nedbank, Old Mutual, Legal Wise and Sleepmasters (Pepkor).
• Majority of retail tenants on 2 to 3 year leases
• Tenants pay rates, water and electricity
• Secure and well maintained building
• Ideal location with high foot traffic and exposure
•GLA ±2295m²
GROUND FLOOR
• Fully let
• Income – + - R 2 528 248 million p.a
1st & 2nd Floor
• Currently let + - R 223 000 p.a
• The rest is Vacant
• Potential to increase the yield & income
• Potential income of ±R 1.9 milion p.a
• Ideal for in demand student accommodation, or offices
DETAILS:
• Erf size: 1301m²
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
Mthatha, Mthatha, Eastern Cape
