Prominent Investment Property, 2 Main Road, Howick
Multi-tenanted commercial property within a strong tourism node | 20 Units which includes the 21 bedroom Hotel | Gross Annual Income: ± R1.6 Million | GLA: ± 2 277 m²
This historic building lies at the foot end of Howick’s Main Road and an easy stroll away from the world famous Howick Falls. This tourism node is a popular stop over for both local and foreign visitors. The town of Howick is also the root of the Midlands Meander which further highlights this prominent property.
The property consist of 21 rental units which include tenants such as the Howick Falls Hotel, Spec Savers, Pam Golding and an array of tourism related shopping boutiques. The current Gross Annual Income is ± R2.25 Million which excludes recoveries of ± R105K. Municipal Rates are ± R16 088 per month. The total GLA of the property is ± 2 277 m². The property is very well maintained.
Howick is a town located in the uMgungundlovu District Municipality of KwaZulu-Natal Province, South Africa. The town is 1050 m above sea level, and about 88 kilometres from the port city of Durban. It enjoys warm summers and cool dry winters. A snappy chill descends upon Howick when snow falls on the nearby Drakensberg. The town is located on the N3 freeway, connecting it with the rest of South Africa.
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