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Prime Commercial Property For Sale in Jeffreys bay central
R 7,700,000
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8 months ago171 views
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General Details
Location:
Description
Large Commercial Property for sale in Da Gama Street Jeffrey's Bay.
The Commercial property includes four shops and one larger building in the back that could be ideal for another business, accommodation or housing. The property is very central with good building structures in place. It is ideal for further development or for rentals as is.
Rates And Taxes: 2200
Property Reference #: 13432
Agent Details:
Louis A Fourie
Okandivi Properties
Lydenburg, Mpumalanga
Lydenburg
The Commercial property includes four shops and one larger building in the back that could be ideal for another business, accommodation or housing. The property is very central with good building structures in place. It is ideal for further development or for rentals as is.
Rates And Taxes: 2200
Property Reference #: 13432
Agent Details:
Louis A Fourie
Okandivi Properties
Lydenburg, Mpumalanga
Lydenburg
Id Subtitle 1232451566
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Estimated monthly repaymentR 83,446
Total property loan amountR 7,700,000
Total interestR 12,326,907
Total repaymentR 20,026,907
Interest rate at 11.75% for 20 years *
* The interest rate is by default set to the prime lending rate. Banking institutions may choose to lend to individuals at a rate above or below this prime rate.
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Okandivi Properties
Selling for 7+ years
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This commercial property in Jeffreys Bay, located in Business Zone 2, is an excellent investment opportunity.Situated within walking distance to the beach, it offers both convenience and a desirable location. The ground level of this property features a retail shop that generates a monthly income of R10,000. This steady stream of rental income provides a solid foundation for any investor. The retail shop offers a prime space for a variety of businesses, ensuring the potential for long-term occupancy and profitability.In addition to the retail shop, the property also offers extra office space with a loft. With its own separate entrance, this additional space provides flexibility for various business needs. Currently, the loft is being rented out for R2,500 per month, providing an additional income stream.This presents a unique opportunity for the new owner to either continue renting it out or utilize it as additional office space for their own business. There are 3 pre-paid electricity meters (1 for the retail shop, 1 for the office and 1 for the loft).Overall, this commercial property presents an attractive investment opportunity in a sought-after location. The combination of rental income from the retail shop and the loft provides a favorable return on investment. Additionally, being within walking distance to the beach, it benefits from the high foot traffic and potential clientele in the area.Investing in this commercial property allows for both immediate rental income and the potential for future growth. Whether youre an experienced investor or looking to start your commercial property portfolio, this property offers promising opportunities and a chance to capitalize on the thriving business environment in Jeffreys Bay.Please let me know if you require any further assistance or information regarding this property.Property Reference #: 7002001-35239Agent Details:Lynette HavengaEXP RealtySouth Africa13 Nankies Nook Eldoraigne , Eldo Park Estate , 157
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