Retail Investment Property - Howick

R14,000,000.00

Howick, Midlands, Kwazulu Natal

Property Information

CODE : PP5210
Asking Price : R14,000,000.00
Ownership : Freehold
Building Size : 1217m²
Parking : Yes


Description

This multi-tenanted retail property is situated on the Main Road passing through Howick with two road frontages and off-street parking. The three main tenants are Debonaires Pizza, Black Olive Restaurant and Doves Funeral services. 2 of the 9 units are vacant.

Floor Area: 1217m2
Multi-tenanted
Vacancy Rate: 17%
Current Monthly Income: R99,663.57
Potential Monthly Income: R120,663.57
Current Monthly Expenses: R16,570.44
ASKING PRICE: R14 000 000.00

Contact Matt Hayter for more information on 082 569 1765
[email protected]

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Contact the Agent

Matthew Hayter » ++27 82 569 1765
[email protected]

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Please Note 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.

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