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R 5 500 000 | retail property for sale in strand

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Property Description

Situated one block away from the ocean. Within close proximity to banks and several other amenities. Tenanted building of - 1000m2. Zoned General Business 4. Site development plans for a mixed use building, 2 parking levels and nine floors above was previously approved but plans have lapsed. Current gross rental income of R36397 per month with one vacant shop which could bring in an additional R7500 per month rental thereby making the total of R43897 per month in rental. All short term leases. NG Property Brokers are specialists in selling and leasing of Industrial and Commercial real estate. We are based in the Northern Suburbs of Cape Town, South Africa where our main focus lies.

Property Details

Purchase PriceR 5 500 000

Building Size1034 m2

Price Per SQMR 5319 m2

Type of PropertyRetail


Last Updated27 Oct 2020

Property Location

AddressMichau, Strand, Strand, Western Cape, South Africa

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Neil Geldenhuys


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