658m² Retail For Sale in Montclair

POA

Web Ref No CL1904

Calling all investors – Brand New Sole Mandate

Newly renovated commercial zoned property with a high-income tenant.

Located in a strategic position in the suburb of Montclair, this property lends itself to retail and commercial operations.

• Lease in place for 5 years with option to renew (currently in year 2) with an annual escalation of 7%
• High yield on offer at approx. 12%
• Property has just had extensive renovations
• Land Size 1666sqm
• Property is 658sqm
• The property offers two entrances and good security
• Ample yard/parking space
• Ablutions and kitchenette as well as mezzanine level offices
• Rates per month R7879.51
• 3 phase power / 500Amps