Retail Investment Property, Magnum Building, 6 Ekamanzi Road, Dalton
OPENING BID: R1.4 MILLION
Extent: ± 793 m² | GBA: ± 680.47 m² | Gross Rental Income: ± R272 196
The property is situated between Save Cash and Carry and the First National Bank. Both of these host the only ATM’s in the town, hence the busy nature of the spot. Shop one is tenanted by a Chinese store that has been trading there in excess of 5 years. They sell fashion goods and have recently extended their lease by 5 years. They pay an amount of R9 200 pm. Shop two has also been there over 5 years and has also extended the lease by another 5 years. This shop is owned by a Pakistani Trader and he sells electronic and furniture goods successfully. The rent is R13,483 pm.
There are two apartments upstairs and these are occupied by the tenants and included in the rental of the shops. This is a perfect property for someone looking for a viable investment in a good trading town with an affordable entry level point as an addition to an existing portfolio or as a solid starting point to property investment.
Dalton is a trading town east of New Hanover and it was built in 1850. It serves a large population area that commute here with daily taxi buses from areas such as Cool Air, Noodsberg, Applebosch and Swayimana to name a few.
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