Verified Listing
Posted on August 4, 2020 / 122
Price : R11,950,000
Listing Type : Commercial Property
Location : KwaZulu Natal
Ref. No : 2648
Net Profit : R 70 000 pm

An excellent opportunity to purchase a commercial property in the heart of an upmarket area in KZN. The property is fully let and has additional land available for expansion as well as zoning rights to build a second level, to bring the total lettable space to +- 600 sqm.

The property is well located in a busy intersection with great exposure for tenants and business owners. The property is also recognized to have historical value as it celebrates its 100th anniversary this year. The purchase price is R11 950 000 with an average rental income of R90 000 per month.

Douglas Pieterse – KZN North Coast