49 George Street, Kimberley Central, Kimberley, Northern Cape
R 6,850,000
1,177 m² Floor | 951 m² Land
Investment property for sale in George Street.
This multi tenanted property can be the ideal addition to your portfolio.
Situated in the bustling area of George Street opposite Vermeulens and close to the CBD you will always have rental inquiries for this building.
The property is well maintained, secured and has excellent visibility. There is also high vehicle and foot traffic.
The property consists of 2 buildings with a combined gross lettable area of 1177m² with retail outlets on the ground floor and offices on the 1st floor. There are 5 separate rental premises within the buildings of which 3 are leased to National Tenants and 1 government department. Most of these tenants have been renting for between 10 and 20 years. The vacant space is used by the landlord as an office for the supervisor.
Your vacancy risk is substantially lower on this property given that there are multiple tenants.
The property currently generates R90 566.00 excluding VAT monthly and water and electricity are billed back to the tenants. This property will deliver a good return on investment for any buyer.
This is a great opportunity for a serious investor.
Key Details
Reference LFPE-16920
Listing type Sale
Property type CommercialProperty
Listing zone Commercial
Suburb Kimberley Central
City Kimberley
Province Northern Cape
Rates R 16,980
Property Details
Covered parking 4
Floor area 1,177 m²
Land size 951 m²
Aircon Yes
Kitchen Yes
Storage Yes
Storeys 2
Reception Yes
Show Room Yes
Board Room Yes
Access gate Yes
Fire Escape Yes
Entrance hall Yes
Conference Room Yes
Finance
Bond Calculator
*Disclaimer: Please note that by default this calculator uses the prime interest rate for bond payment calculations. This is purely for convenience and not an indication of the interest rate that might be offered to you by a bank. This calculator is intended to provide estimates based on the indicated amounts, rates and fees. Whilst we make every effort to ensure the accuracy of these calculations, we cannot be held liable for inaccuracies. Leapfrog Property Group does not accept liability for any damages arising from the use of this calculator.
