Mixed Use Investment Property, 74A Alexander Street, Ladysmith
Extent: ± 1 456 m² | GBA: ± 2 103 m² | Gross Annual Income: ± R 1 052 850 | 19 Flats | 6 Shops
The property consists of six retail shops on the ground floor and two floors of apartments above. The first floor has four 1-bedroom flats and six 2-bedroom flats with the second floor being made up of eight 2-bedroom flats. At the rear of the building is one standalone 2 -bedroom unit. The building has a gross lettable area of ± 2040 m2 and 14 parking bays at the rear. The property has a gross annual income of ± R930 000.00
The Property is well located in the centre of Ladysmith, directly opposite the Oval Shopping Centre. The property fronts directly on to Alexander Road which joins the N11 linking Ladysmith to Newcastle and Bergville. The key competitive advantages for the town indicate an excellent potential for economic growth, and include an abundance of water, reasonably priced industrial land, a strategic locality, a broad skills base and committed stakeholders.
Ladysmith is located in the Uthukela District of Kwazulu Natal. It is 230 kilometres north west of Durban and 365 kilometres south of Johannesburg. A thriving, friendly town on the banks of the Klip River, Ladysmith is the commercial centre for a large farming district and serves as a major shopping centre for towns such as Colenso, Glencoe, Bergville and Dundee. The N11 Links Ladysmith to Bergville and Newcastle, while the R103 provides access to Colenso and the N3.
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