R12,000,000
MICHAU STREET | INVESTMENT OPPORTUNITY/ PRIME PROPERTY FOR SALE | STRAND | 1710M²
This prime investment opportunity in Strand, located on Michau Street just off Main Road, offers a solid foundation for immediate returns and future growth. The property spans 1710m² under roof, with the ground floor fully tenanted and generating R 51,000 in rental income per month. Situated adjacent to the brand-new Checkers, it enjoys high visibility and foot traffic from the bustling retail hub, making it a highly attractive location for tenants and businesses alike.
The upper floor, currently vacant, presents significant growth potential with the ability to generate an additional R 95,000 per month in rental income. With rates and taxes of approximately R 11,379.20, this property offers a fantastic blend of immediate returns and long-term earning potential. Investors seeking a well-located asset with room for expansion and increased income will find this property an excellent addition to their portfolio.
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Disclaimer: All amounts exclude VAT and while every effort will be made to ensure that the information contained within the API Property Group website is accurate and up to date, API Property Group 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.