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R15,000,000
Investment Building for Sale – Prime Location on Du Toitspaan Street, Kimberley
This investment building, located on Du Toitspaan Street in Kimberley’s bustling shopping district, offers an excellent opportunity for buyers seeking a high-return property.
Listed at R15 million, the building boasts a floor area of 1,662 m², priced at R9,025 per m².
With current tenants like Capitec, American Express, Florida Park, and Ascot, it generates a solid net income of R1.43 million, excluding a vacant floor.
When fully occupied, with the vacant space rented at R50 per m², the net income rises to R1.93 million, bringing the return on investment up to 12.9% (from 9.5% with vacancies).
The property is centrally located in a high-foot-traffic area, making it a prime spot for commercial ventures.
The first floor offers potential for further investment opportunities, ideal for expansion or additional tenants, maximizing the building's earning potential.
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Features
Zoning:
Commercial
Interior
Air Conditioning
Yes
Exterior
Security
Yes
Sizes
Floor Size
1,662m²
Land Size
1,662m²
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Disclaimer: While every effort will be made to ensure that the information contained within the RealNet Properties website is accurate and up to date, RealNet Properties 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.
