R 21 500 000
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1 222 m² Commercial space in Butterworth
661 m²
1 222 m²
Not only is this property situated just behind the main road of a vibrant rural town, it is also 84% tenanted with the longest lease agreement expiring in the year 2027. On full occupancy, the property will yield a return of 10% and promises to experience rental and price growth due to the massive rural support enjoyed. Constructed on a 661m site extent, the building on offer is a double storey consisting of a total lettable area of 1222m with the first floor accessible via a concrete stair case and a lift. Both tenants in occupation are of National status. Should you miss out on this lucrative investment, be sure to wait close to ten years for such a similar opportunity to present itself again.
Property details
- Listing number T4900898
- Property type Commercial
- Listing date 13 Dec 2024
- Land size 661 m²
- Floor size 1 222 m²
- Rates and taxes R 4 268