R2,300,000
Fully Tenanted Investment Property For Sale – Canon Hill, Kariega
Fully Tenanted Investment Property For Sale – Canon Hill, Kariega
An excellent investment opportunity! This fully let building in Canon Hill, Kariega offers a diverse tenant mix and solid rental income, ideal for investors seeking immediate returns.
Property Breakdown:
Section 1:541m² (including upstairs 422.5m²) – currently a playschool and a ground-floor building supplies shop
Corner Shop:118.5m² retail unit
Section 2:84m² retail shop
Section 3:80m² retail shop + 70m² tyre shop
Section 4:70m² retail shop
Key Features:
Fully tenanted with established businesses
Strong income-producing asset
Prime corner positioning with great visibility
Solid construction with a mix of retail, education, and trade tenants
Easy access to major routes in Kariega
Investment Highlights:
Asking Price: R2,300,000
Net Annual Income: R284,280
Attractive Cap Rate: 12.36%
Don't miss out on this solid investment opportunity!
Contact me for more information.
Features
Exterior
Sizes
Extras
On Busy Road • Near Shopping Mall • Near University/Campus • Near Bus • City Center • Safe Location • Near Hospital • Good reachable traffic • Near Motorway • Near Children's Park • Near Public Transportation • Near Highway • High Traffic • Near Schools • On Quiet Road
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Disclaimer: While every effort will be made to ensure that the information contained within the eXp South Africa website is accurate and up to date, eXp South Africa 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.
