POA
50599m2
Commercial Property in Mthatha For Sale
10498m2
50599m2
Commercial Property in Mthatha For Sale
Features
Description
An Incredible Investment Opportunity
This Commercial Property is located in a prime area, and is divided into 9 Erf’s. The property offers 17 buildings with a total gross floor area of 10 498m2
There are 4 Warehouses, 4 Workshops/Offices, 2 Office Blocks, 3 Residential Buildings, Stores and Guard house, all with ablution facilities making it a comfortable and convenient space for staff. There are generators for back-up power. The highlight is the 4 star Mini Hotel, which has 2 floors, a reception area, kitchen, lounge and 20 guest rooms. The conference centre that’s next to the Hotel is being utilised as a 1000 seater conference hall plus aircon and sound system with a restaurant/dining hall and ablutions. The total monthly rental Income is R729 559.Overall the mixed-use of the property is an excellent investment opportunity for businesses or investors looking for a spacious and well-equipped property.
In addition, 14354m2 of road facing vacant land is zoned for a Shopping Complex, of which plans have been approved. The seller is willing to sell this section separately from the rest of the Erf's as an option.
Property Details
| Web Ref | RXBN-2220 |
| Property Type | Commercial Property |
| Building Size | 10498m2 |
| Erf Size | 50599m2 |
Contact Agent
Ashna Rupee
Candidate Property Practitioner
RE/MAX Tricolor (Westville)
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