0 bedroom Commercial Property for sale in Newcastle Central, Newcastle

R 1 285 000 Listing Number: P24-105787753

description

5055 square meter investment property available to a business savvy investor. This property is situated of the corner of Kliprivier Avenue and Drakensberg Drive right next to the Nkandu Shopping complex. This property was zoned as commercial but has been rezoned for cluster housing but can easily be reverted back to commercial if the investor so wishes. The current owner has signed a ten year contract with MTN to erect a cell phone tower on this property with a monthly rental of R5000.00 per month with an annual escalation off eight percent. The contract will take effect by March 2018. Do not miss the opportunity to acquire a income generating investment property.

more details

Type of Property
Commercial Property
Street Address
1 Kliprivier Avenue, Newcastle Central
Description
Retail
Lifestyle
Suburban
Listing Date
09 November 2017
Erf Size
5 055 m²
Floor Size
1 m²
Levies
R 1
Rates and Taxes
R 1
Age
2016

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