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Introducing a prime investment opportunity in the heart of Nerissa Estate
A sprawling 5000m2 industrial property situated on 5800m2 of sought-after real estate. These free-standing buildings offer unparalleled exposure onto Jan Smuts Avenue, ensuring maximum visibility and accessibility for potential businesses looking to thrive in a bustling location. The property comes with the advantage of five long-term tenants, each secured with approximately 3 years remaining on their leases. This stability guarantees consistent income streams, ensuring financial security for the foreseeable future. Additionally, an eye-catching billboard on the premises not only enhances visibility but also generates extra revenue through advertising, supplementing the already robust monthly rental income of approximately R250,000. Located in a rapidly developing area, this property is amidst a landscape of growth and revitalization. The surrounding neighborhood has witnessed substantial growth, with buildings undergoing uplifting transformations. Priced at R28 million, this property represents a significant opportunity for investors seeking stable returns in a flourishing commercial district. This property presents a rare chance to acquire a substantial industrial asset in an area poised for further development. For those looking to expand their investment portfolio or seeking a high-yield opportunity, this property holds immense potential. Get in touch with us today to schedule a viewing and explore the myriad possibilities this property offers for your investment aspirations. Contact Rob today to view.
Features
0
0
Zoning:
Industrial
Interior
Air Conditioning
Yes
Exterior
Security
Yes
Sizes
Floor Size
5,000m²
Extras
Secure Parking • investment property • Advertising income • High visibility
Cape Town is a coastal city located on the western coast of South Africa. It is known for its natural beauty, including Table Mountain, and its many pristine beaches. The city is also a hub of cultural and economic activity, with a vibrant arts and fashion scene, as well as a thriving tech industry.
The property market in Cape Town is a mix of residential and commercial properties, with a range of options...
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Disclaimer: While every representation will be made by Lew Geffen Sotheby's International Realty to ensure that the information contained within the website is accurate and up to date, 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.
Please note: Most banks charge an administration and initiation fee. Disclaimer: These calculations are only a guide. Please ask your conveyancer for exact calculations.
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