1,662m² Building For Sale in Kimberley Central
R15,000,000
Web Ref
RNC1140
Monthly Rates
R37,552.73
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.
Don't miss out and schedule viewing today!
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.
Don't miss out and schedule viewing today!
Features
Zoning
Commercial
Title
Freehold
Interior
Air Conditioning
Yes
Exterior
Security
Yes
Sizes
Floor Size
1,662m²
Land Size
1,662m²
