This property presents a rare investment opportunity with a gross annual income of R415,338 ensuring a steady and reliable cash flow for potential buyers. Currently, the property boasts long-standing tenants, providing a stable source of rental income and reducing vacancy risks. The strategic location at the Wynberg Bus & Taxi Terminal guarantees high foot traffic, with daily commuters and visitors passing through the area, making it an ideal spot for any business. The ability to create smaller shops within the space offers further potential to diversify income streams and attract various tenants, maximizing profitability.
Situated in a high-traffic area in a lower LSM zone, this property is well-positioned to serve the local community and cater to a wide range of businesses. Whether you
are looking to expand your commercial portfolio or capitalize on the potential for increased retail opportunities, this property provides the foundation for success. With long-term tenants already in place and future development options available, it's an opportunity that shouldn't be missed.
Township: Cape town
Erf Number: Erf 68463
Erf Size: 536m²
Total GLA: 495m²
VAT Registered: Yes
Municipal Information:
Municipality: City of Cape Town
Monthly Rates: ± R5,213
Title Deed Information:
Number: T39853/2021
Registration Date: 2021/08/19
Municipal Area: City of Cape Town
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