R20,000,000
Great Investment Opportunity
This investment opportunity seems promising, especially with a blue-chip tenant who has a long-standing presence in the property. Here's a breakdown of some key points to consider:
Location: The property is situated in a busy retail district in Empangeni, which suggests a potentially high level of foot traffic and visibility for businesses operating there.
Building Features: The double-storey facility with ample parking (48 basement and open parking bays) indicates that the property has the capacity to accommodate various businesses and their customers efficiently.
Tenant Stability: The fact that the anchor tenant has been there for over a decade speaks to the stability and attractiveness of the property to businesses. Furthermore, the renegotiation of the lease with the long-term tenant indicates their commitment to staying, which can provide a steady income stream for the foreseeable future.
Diversified Income Streams: While the anchor tenant occupies the ground floor, the first floor is leased to SMMEs, which diversifies the income sources and reduces dependence on a single tenant.
Facilities and Security: The availability of ablutions, access control, and high-security measures add value to the property, making it more attractive to tenants and potentially enhancing its market value.
Financial Performance: The reported net income of approximately R 2 million from the previous year suggests that the property is generating significant revenue. Access to audited financial statements further provides transparency and assurance to potential buyers regarding the property's financial health.
Due Diligence: While the opportunity sounds promising, it's essential for potential buyers to conduct thorough due diligence, including inspecting the property, reviewing lease agreements, assessing market trends, and analyzing the financials in detail.
Overall, this investment opportunity appears to have several positive attributes, but it's crucial for interested parties to evaluate it carefully to ensure it aligns with their investment objectives and risk tolerance. Feel free to contact me regarding this opportunity
Features
Interior
Exterior
Sizes
Parking Bays
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Disclaimer: While every effort will be made to ensure that the information contained within the Campbell Property Group website is accurate and up to date, Campbell Property Group makes no warranty, representation or undertaking whether expressed or implied, nor do we assume any legal liability, whether direct or indirect, or responsibility for the accuracy, completeness, or usefulness of any information. Prospective purchasers and tenants should make their own enquiries to verify the information contained herein.
