R7,000,000
Investment Opportunity Maitland
This unit has now secured a solid tenant for 3 years with a further 3 year option.
The unit is in 8th Avenue Maitland, and offers approximately 710m2 on the ground and a further 710m2 on the 1st floor. Ample kitchen and ablution facilities throughout.
There is roller shutter access, 150 amps of 3 phase power and the unit can easily be split into 2 separate rental spaces, offering further upside down the line.
14 parking bays are included in the sale, with an immediate return of approximately 8.5% after costs. Year 2 will see a double-digit yield on the property.
To take advantage of favorable lending rates and to find out more about this, please reach out to Jackie (Specialist 13) and I'll take you through it.
Features
Zoning:
Commercial
Exterior
Security
No
Sizes
Floor Size
1,432m²
Land Size
1,432m²
Maitland, Cape Town
Also known as the Mother City, Cape Town plays host to a multitude of beautiful areas and incredible cultures. Located in the southern point of the peninsula, Cape Town has become one of the most incredible places to visit in the world. From deep rooted cultures to incredible beaches, this is the place perfect for those looking to experience all the aspects that make this place a worldly recognized location.
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Disclaimer: While every effort will be made to ensure that the information contained within the Quay 1 International Realty website is accurate and up to date, Quay 1 International Realty 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.