2,047m² GLA Business Centre for Sale in Nahoon - Not to Be Missed
This appealing commercial investment opportunity is ideally positioned on a busy main road in the sought-after area of Nahoon. The property is a well-managed shopping centre with numerous established tenants, offering investors the chance to secure a prime, income-generating asset within a thriving retail and business hub.
The total gross lettable area is approximately 2,047m², comprising 1,437m² of retail space, 310m² of offices, and two residential flats totaling 150m², one of which includes a garage. In addition, there are five separate storage or garage units, adding up to around 150m² and providing an extra rental income stream.
The property currently generates an annual income of R3.85 million, reflecting a strong yield and a fully let status.
Rental escalations are set at 6% per annum, ensuring consistent growth potential. All municipal services are in place, and the deal may qualify as zero-rated for VAT purposes, offering further financial advantage.
With prime visibility on a high-traffic road, a strong and diversified tenant mix, and a stable income stream across retail, office, residential, and storage components, this property represents a secure long-term investment with excellent prospects for both cash flow and capital appreciation.
The total gross lettable area is approximately 2,047m², comprising 1,437m² of retail space, 310m² of offices, and two residential flats totaling 150m², one of which includes a garage. In addition, there are five separate storage or garage units, adding up to around 150m² and providing an extra rental income stream.
The property currently generates an annual income of R3.85 million, reflecting a strong yield and a fully let status.
Rental escalations are set at 6% per annum, ensuring consistent growth potential. All municipal services are in place, and the deal may qualify as zero-rated for VAT purposes, offering further financial advantage.
With prime visibility on a high-traffic road, a strong and diversified tenant mix, and a stable income stream across retail, office, residential, and storage components, this property represents a secure long-term investment with excellent prospects for both cash flow and capital appreciation.
Monthly Rates
R63,000
Features
Zoning
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Listing Info
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Elmarie Krouse
Qualified Principal Property Practitioner
Nahoon, East London
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Finance
Total Amount Repayable
R0,00
Monthly Repayment
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Disclaimer
While every effort will be made to ensure that the information contained within the Chas Everitt website is accurate and up to date, Chas Everitt makes no warranty, representation or undertaking whether expressed or implied, nor do we assume any legal liability, whether direct or indirect, or responsibility for the accuracy, completeness, or usefulness of any information. Prospective purchasers and tenants should make their own enquiries to verify the information contained herein.
