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.
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