R 10 000 000 | business property for sale in lenasia

Property Description

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


Property Details

Purchase Price R 10 000 000

Type of PropertyBusiness

Land Size662 m2

Last Updated16 Nov 2022

Property Location

Similar Property in nearby suburbs

Agent

Ebrahim Saloojee

Share        

Add Email Alert
To receive emails for similar properties in Lenasia!


Close