| Prime Commercial Investment with Four Fully Tenanted Business Units |
An exceptional opportunity to secure a well-positioned commercial investment in the heart of Kenton on Sea. This sectional title property comprises four fully tenanted commercial units, offering investors an immediate and reliable income stream with established tenants already in place.
Commercial properties with long-term tenants in Kenton on Sea are seldom available, making this an outstanding addition to any investment portfolio.
Property Features
Sectional Title Commercial Property
Total Floor Area: 411 m²
Four independently accessible commercial units:
Unit 1: 58 m²
Unit 2: 261 m²
Unit 3: 46 m²
Unit 4: 46 m²
Investment Highlights
Four established tenants currently in occupation.
Monthly rental income of R 48 800
Annual rental escalations scheduled in accordance with existing lease agreements.
Strong demand for commercial rental space in Kenton on Sea, contributing to consistently low vacancy rates.
Professionally managed Body Corporate ensuring the upkeep and administration of the property.
Financial Information
Asking Price: R6,000,000
Monthly Levies: R5174.00
Utilities
Each commercial unit has its own municipal account, providing straightforward management of municipal services. Electricity is supplied by Eskom but each shop has a separate unit reader that tenants are invoiced for usage.
This is a rare opportunity to acquire a fully let commercial property that delivers stable rental income from day one while offering excellent long-term investment potential in one of the Eastern Cape's sought-after coastal towns.
Contact us today for further information, including lease schedules, financial details, or to arrange a private viewing.
ERF Size 411 m²
Building Size 404m²
Rates R315 per month
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Maryke Taljaard
c. 0746674847
maryke.taljaard@rawson.co.za
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