Retail Building In High Traffic Area, 89 Main Street, Kokstad, KZN
Extent of property: ± 615 m² | Gross annual income ± R 1.4 Million | 28 Units tenanted
Retail Building in Kokstad
This multi tenanted retail building is situated in 89 Main Street which forms part of the central business district of Kokstad. The property enjoys a healthy mix of smaller tenants of which are mostly retail shops, some offices and a few service providers servicing the local community with a high concentration of shoppers coming from the surrounding villages and farms. Kokstad is a vibrant town in KwaZulu-Natal with a high concentration of farming but has also a healthy manufacturing sector.
Kokstad serves as the service centre and commercial hub for most of East Griqualand and nearby parts of the Eastern Cape, with which it shares borders. The municipality is bordered by the Matatiele Local Municipality and Lesotho to the west, Kwa Sani Local Municipality to the north, Umuziwabantu Local Municipality to the south-east and Eastern Cape to the east.