Commercial Investment Property - For Sale
POA
Waterfall, Highway Areas, Kwazulu Natal
Property Information
| CODE : | PP5084 |
| Asking Price : | POA |
| Ownership : | Freehold |
| Land Size : | 4047m² |
| Building Size : | 233m² |
Description
The subject fully tenanted property is centrally situated in crest view and comprises of three long term tenants. Each tenant is in their second term of a five year commercial lease and have each occupied the site for a number of years. This property holds a landmark identity and is well known throughout this residential node. Tenant mix comprises of a Tavern, Car wash, Liquor store with adjoining Superette - all of which are supported by 24 open parking bays. The rear end of the property holds a substantial yard area which currently supports a month to month tenant -lending itself to redevelopment. A well maintained property and currently selling at just over 10% yield. Zoned Limited Commercial 2, 3 storey height and 50% coverage.
Gross Monthly income: R39440
Rates Monthly: R3789
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Due to the fact that the above information has been supplied to us by the property owners and other 3rd party organisations, Portfolio Property Investments will not be held liable or responsible for any errors, misrepresentations or omissions. Due to the nature of property transactions it is always advisable that any prospective purchaser or tenant undertake a thorough due diligence of their own.
