This property has successfully secured a reliable tenant for a three-year term, with an option for an additional three years. Located on 8th Avenue in Maitland, the unit boasts approximately 710 sqm on the ground level and another 710 sqm on the first floor. It features well-equipped kitchen and restroom facilities throughout.
The space includes roller shutter access, 150 amps of three-phase power, and the flexibility to divide it into two separate rental units, presenting future potential for increased revenue. The sale also includes 14 designated parking spaces, providing an immediate return of around 8.5% after expenses.
Price excludes VAT. Please contact Melissa to arrange a viewing
Maitland is nestled on the outskirts of Cape Town's city center. It boasts a dual identity as both a light industrial hub and a home to commercial office spaces. Maitland enjoys excellent road and rail connectivity. It is close to major transportation routes and has developed into a prime location for various industries and businesses.
The Cape Town CBD is just a 10-minute drive away, and Cape Town International...
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Please note: Most banks charge an administration and initiation fee. Disclaimer: These calculations are only a guide. Please ask your conveyancer for exact calculations.
