Sole Mandate! Mixed use tenanted investment for sale.

This property zoned general commercial located on South Coast Road offers an excellent tenanted investment purchase opportunity!

– Generating high income over R150 000 per month
– Lease in place for the Supermarket for 10 years (4 years into the lease), the tenant is long standing with a prior lease of 14 years. Escalation at 10%.
– Building compromises of 55 rooms on the first floor. On the ground floor is a Supermarket, Tyre Shop and 4 rooms, café and a takeaway.
– Rates approx. R10 000 per month
– Floor size 1612sqm
– Land size 806sqm