A well-positioned mixed-use commercial property in the heart of Nelspruit, highly visible from two main streets.
It will be selling as a going concern
The property spans two stands, totaling 3,163m2 of land, with a lettable area of 3,799m2 plus an enclosed 300m2 yard. The building comprises retail shops, offices, and warehouse space, all within walking distance of major public transport hubs and surrounded by a vibrant local business environment. The mixed-use property offers flexibility: ideal for retail, office, or warehousing. It is income-producing with current tenants in place and an opportunity to increase returns.
TOTAL RENTAL INCOME (EXCL. VAT) with flexible letting options:
- Total Monthly Gross Income: R126,882.61
- Annual Income (Excl. VAT): R1,522,591.32
- Estimated Net Operating Income: R1,197,970.56
Tenant Mix: Restaurant, Hairdresser, Warehouses of 2,417m2+, Secure enclosed yard and offices.
EXPENSES:
- Municipal Rates & Refuse: R27,000/month (R324,620/year)
Please contact me to view the premises.
