R12,733,000 | 2,080m² Business Centre For Sale in Annadale Ext 2

This beautifully built and meticulously maintained 2-story business centre offers an unparalleled investment opportunity. Located on a prime Main Street, the property comprises 21 shops totaling 1,104 sqm, with a current rental income of R136,000 per month. With only 2 shops currently vacant and a rental escalation of 8% per annum, this property promises substantial and growing returns. Each unit is equipped with its own electrical meter, and all have kitchen and toilet facilities. The owner covers water, rates, and taxes, totaling R15,000 per month, while building insurance costs R8,000 per month. The property also includes 47 parking spaces. Please note that the selling price is exclusive of VAT. The property can also be sold as a going concern. The new owner can also have a choise to take over the existing PTY LTD. Don’t miss out on this rare investment opportunity—schedule an appointment for more details today.