Investment Building for Sale – Prime Location on Du Toitspaan Street, Kimberley
This investment building, located on Du Toitspaan Street in Kimberley’s bustling shopping district, offers an excellent opportunity for buyers seeking a high-return property.
Listed at R15 million, the building boasts a floor area of 1,662 m², priced at R9,025 per m².
With current tenants like Capitec, American Express, Florida Park, and Ascot, it generates a solid net income of R1.43 million, excluding a vacant floor.
When fully occupied, with the vacant space rented at R50 per m², the net income rises to R1.93 million, bringing the return on investment up to 12.9% (from 9.5% with vacancies).
The property is centrally located in a high-foot-traffic area, making it a prime spot for commercial ventures.
The first floor offers potential for further investment opportunities, ideal for expansion or additional tenants, maximizing the building's earning potential.
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