Extent: ± 1 010 m² | 3 Ground Floor Retail Units | Offices on First Floor | Residential Units on 2nd Floor | Fully Tenanted | Gross Annual Income: ± R 1.612 Million
This commercial property is situated at 41 Wooley Street within the Hub of the Port Shepstone CBD. The Port Shepstone Central Business District (CBD) is the commercial and administrative heart of Port Shepstone, a town located on the south coast of KwaZulu-Natal province in South Africa. As with many CBDs, it serves as a hub for various businesses, government offices, financial institutions, retail shops, and other commercial establishments.
This well positioned commercial property is improved with a 3-storey commercial building. The ground floor comprises of 3 retail shops while the First-floor hosts 4 offices. The 2nd floors houses various residential units.
In addition, the property offers further income generating units situated at the rear of the property.
The property is presently fully tenanted and generates a gross annual income of ± R 1 530 000.00
Overall, the Port Shepstone Central Business District serves as a dynamic and multifaceted area that reflects the economic, social, and cultural life of the town. It is essential for residents' daily activities and contributes significantly to the town's identity and prosperity.
