Mixed Use Investment Property, 6 4th Street, Kuleka, Empangeni
Extent: ± 4 121 m² | Tenanted investment property | Current Gross Annual Income: ± R750K | Potential for further Income
This property comprises a mix of tenants with smaller retailers occupying the commercial segment of the property. The property also offers an industrial and residential component. With a current gross annual income of ± R 707 000 this property presents an ideal Investment opportunity. There is a potential to increase this income further should the property be fully let.
The property is located at No. 6 4th Street within a commercial / industrial node known as Kuleka in Empangeni. Empangeni is a town that lies approximately 150km north of Durban and ± 16 km from Richards Bay which is a major harbour town and is home to one of the country’s largest harbours. Richards Bay also has the deepest natural harbour in the southern hemisphere. The Richards Bay coal terminal is the largest coal export facility in the world with a planned capacity of 91 million tons per year.
The area is easily accessible via the N2 National Road when taking the Richards Bay / Empangeni exit, which leads to the John Ross Highway. The John Ross Highway is the main Highway that links Richards Bay and Empangeni. Access to the property is via 4th Street which is off the R102 Main Road. The R102 links to the John Ross Highway.
Kuleka can be described as a commercial / industrial hub, with businesses such as a large Cash and Carry as well as Toyota, Buco, Distell Distributers, Coastal Farmers and several engineering companies. Most modern day amenities and facilities can be found within the CBD of Empangeni which is situated approximately 5 km from the property.
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