28m² Retail For Sale in New Town Centre, Umhlanga Ridge

R2,595,000

Web Ref No 3703695

Top retail space on Palm Boulevard

This top retail space measuring 28 sqm situated on ground floor level in The Protea Ice& Fire hotel is currently tenanted and would suit an investor

The lease will expire next year 2020 may , the tenant highly likely wants to renew

For detailed info/ financials please contact me ,the annual yield at present would be 8.14 % yield on rental income which is very good

FNB barometer on average National annual yield is approximately 7.8 %

Features

Zoning Commercial
Purchase Rates R1,200.00pm Excl. VAT
Purchase Levy R730.00pm Excl. VAT
Floor Size 28m²
Land Size 4,099m²

Broker Contact Details

Louis Nyiri
Umhlanga Rocks

Cell 0847025695
Office (031) 5611090

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