R 26 500 000
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2 441 m² Commercial space in King Williams Town

1 668 m² 2 441 m²

Very well located double storey ''B'' grade office building along one major route of the town yet across the road form both the Deeds Office and municipal offices. The property is so versatile to an extent that it has two street frontages of which the office set-up is such that despite its current full single tenant occupation status, the same could, should the need arise, accommodate six individual tenants as the design allows such, due to various ablutions facilities and connecting stair cases being strategically located within the building. A two-year lease agreement that expires in the year 2025 is in place and the occupying tenant has been in the premises for at least the past ten years. The net annual income of R2,645,638 sums it all up about the asking price.

Property details

  • Listing number T4900877
  • Property type Commercial
  • Listing date 13 Dec 2024
  • Land size 1 668 m²
  • Floor size 2 441 m²
  • Rates and taxes R 39 000

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