R7,700,000

Commercial for sale in Knysna Central

The commercial building is situated on Main road right in the centre of town and is fully let by established tenants.

The ground floor consist of 7 shops whereas the first floor consist of 5 apartments. Behind the building is safe undercover parking for the tenants.

The apartments are currently let out to a business that sub-lets it to holiday makers.

The Gross Yield at the list price is 10.1% which makes this a very attractive investment for property investors.

The location of the building right in the centre of town means that there is a constant influx of leads looking for a shop to rent. This has historically resulted in a very well tenanted property with rarely an empty space.

Call now to add this property to your portfolio.

VAT TRANSACTION

Property Type
Commercial
Stand Size
978m²
Building Size
815m²
Address
20 Main Street
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commercial listed on 17 Oct 2019