Mixed Use for sale in Ottery, Cape Town

Investment Property for Sale in Royal Cape, Ottery.

Rare opportunity to purchase an investment property with an A-grade tenant in Royal Cape, Ottery.

With a span in excess of 500 m2, this property offers large workshop space, various offices, storage, kitchen and toilets on the ground floor plus additional offices with balcony on the first floor. There is three phase electricity supply, roller shutter doors, a dust extractor unit, a loading bay and covered parking for up to six cars.

The tenant is A-grade with an excellent payment record, has occupied the property for several years and have just signed a lease extension. The rental is market related and the escalations are above inflation.

Buy the membership of the Close Corporation that owns the property and save on transfer duty etc.

Priced at R 4 200 000, with a 9% net yield..

Additional information available on request.