Investor's Opportunity: Stable Tenancy, Strong Cash Flow and Annual Escalations
This is an excellent investment opportunity offering a stable and diverse tenant mix. The property is in outstanding condition and has been exceptionally well maintained.
The building is fully let to four established tenants, with unit sizes ranging from 35 sqm to 156 sqm. The individual unit sizes comprise approximately 156 sqm, 90 sqm, 35 sqm and 87 sqm. The property currently generates a total rental income of R48,673 per month, excluding VAT.
The existing leases provide for market-related annual rental escalations ranging between 7% and 8%, supporting steady income growth and enhancing the long-term investment appeal of the asset.
Situated on a generous 1,011 sqm erf, the property also benefits from 14 on-site parking bays, providing ample parking for tenants and visitors alike.
The building is fully let to four established tenants, with unit sizes ranging from 35 sqm to 156 sqm. The individual unit sizes comprise approximately 156 sqm, 90 sqm, 35 sqm and 87 sqm. The property currently generates a total rental income of R48,673 per month, excluding VAT.
The existing leases provide for market-related annual rental escalations ranging between 7% and 8%, supporting steady income growth and enhancing the long-term investment appeal of the asset.
Situated on a generous 1,011 sqm erf, the property also benefits from 14 on-site parking bays, providing ample parking for tenants and visitors alike.
Monthly Rates
R8,820
Features
Zoning
Interior
Exterior
Sizes
Listing Info
Nahoon, East London
- Street view
- Amenities
- Schools
Filling Station
1.47 km - Beacon Hill Convenience Centre
1.57 km - Caltex Eastern Cape Marketer
1.58 km - TotalEnergies Nahoon
Bus Station
1.46 km - Bus Stop
2.04 km - Bus Stop
2.14 km - Bus Stop
Hospital/Clinic
0.97 km - Bonnie Doon Family Clinic
1.88 km - MediCross East London
2.05 km - Dr Pt Wood
Police Station
2.25 km - South African Police Service Beacon Bay Police Station
3.30 km - South African Police Service - Wynne Street
3.77 km - South African Police Service Cambridge Police Station Ec
Shopping Centre
0.86 km - Nahoon Spar Shopping Centre
1.59 km - Nahoon Checkers Shopping Centre
1.62 km - Convenience Centre
0.18 km - Nannybird After School Care
0.43 km - Alfresco Cooking School
0.64 km - Peter Pan Pre-Primary School
0.82 km - Buckets And Spades
0.87 km - Shamrock Sands Educare
1 km - Education Leadership Institute
1.10 km - Debbies' Darlings Pre-School
1.11 km - Laerskool Nahoon
1.19 km - Stirling High School
1.34 km - Toddle Inn
1.44 km - Honey Training Facilitation
1.45 km - Stirling Primary School
1.49 km - Mercedes-Benz - South Africa Coastal Education
1.90 km - Hudson Park High School
2.02 km - Beaconhurst High School
Average sold property price in Nahoon
Freehold
Sectional Scheme
Vacant Land
Freeholds
R3,569,383
50.0%
Average price
18
50.0%
Transfers
Sectional Titles
R969,107
50.0%
Average price
9
50.0%
Transfers
Estates
R2,498,750
100.0%
Average price
4
100.0%
Transfers
Finance
Total Amount Repayable
R0,00
Monthly Repayment
R0,00
Calculators:
Disclaimer
While every effort will be made to ensure that the information contained within the Lew Geffen Sotheby's International Realty website is accurate and up to date, Lew Geffen Sotheby's International Realty 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.
