Rental Income Property in Knysna CBD

Western Cape

R 5 600 000

Financial Information

Detailed financials available on request

Invest in the CBD of the most beautiful town in South Africa! With interest rates currently at its lowest in 40 years, NOW is the time to invest in a commercial property offering passive income at 10% return on investment per year! This retail commercial building is located in Knysna in the Garden Route. The property consists of seven retail shops, with dedicated electricity meters, toilets, and basins. The property is for sale with all shops are fully let (some are longstanding tenants). The total enclosed lettable area is ±650m². As one of Knysnas older properties, the original architectural appearance has been maintained to keep its historical appeal restored.. The property is situated in a popular trading area in the CBD with great exposure and within walking distance from a popular shopping centre. The property has ample on-street parking. Why invest your money at 5% in the bank if you can enjoy a 10% return on investment in a growing fixed asset? The asking price excludes VAT.

Reason for selling

Wants to do a new property development.
Annual revenue
R 682,800
Monthly cash flow
R 49,400
Stock value
R 0