R 10 000 000
(518 134
EUR*)
± 662 m2
LENASIA CBD PRIME COMMERCIAL PROPERTY FOR SALE
Prime commercial property in the heart of the Lenasia CBD FOR SALE. On the corner of Gemsbok and Rose Avenue. Property fully tenanted with 10 shops. Secure leases in place. Escalation of rental of 10% per annum. Current monthly rental income of . R108 060.00. A yield of 12.6% gross. Potential expansion with a foundation for a second floor. A great investment for a discerning buyer.
- Commercial property
- Heart of the CBD
- 10 shops
- Rental income R108 060.00 per month
- Gross yield 12.6%
- Foundation for construction of an additional floor
