1 177 m² Commercial space in Kimberley Central

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 1177m 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.