1,710m² Warehouse For Sale in Strand Central
R12,000,000
2 Michau Street
Web Ref No KJ1710MSS
MICHAU STREET | INVESTMENT OPPORTUNITY/ PRIME PROPERTY FOR SALE | STRAND | 1710M²
This prime investment opportunity in Strand, located on Michau Street just off Main Road, offers a solid foundation for immediate returns and future growth. The property spans 1710m² under roof, with the ground floor fully tenanted and generating R 51,000 in rental income per month. Situated adjacent to the brand-new Checkers, it enjoys high visibility and foot traffic from the bustling retail hub, making it a highly attractive location for tenants and businesses alike.
The upper floor, currently vacant, presents significant growth potential with the ability to generate an additional R 95,000 per month in rental income. With rates and taxes of approximately R 11,379.20, this property offers a fantastic blend of immediate returns and long-term earning potential. Investors seeking a well-located asset with room for expansion and increased income will find this property an excellent addition to their portfolio.
The upper floor, currently vacant, presents significant growth potential with the ability to generate an additional R 95,000 per month in rental income. With rates and taxes of approximately R 11,379.20, this property offers a fantastic blend of immediate returns and long-term earning potential. Investors seeking a well-located asset with room for expansion and increased income will find this property an excellent addition to their portfolio.
Features
Zoning Commercial
Floor Size 1,710m²
Land Size 1,710m²
Floor Size 1,710m²
Land Size 1,710m²
Broker Contact Details
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