301 m² Commercial space in Woodstock

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301sqm Commercial Property For Sale in Woodstock An excellent opportunity presents itself to acquire a well-positioned retail property in the heart of Woodstock, offering strong income generation and established tenants.The property comprises 4 individual retail units, currently occupied by a mix of businesses including a hair salon, clothing retailer, and a spaza shopcafe. All four units are currently tenanted, providing immediate rental income.Nearby landmarks:Directly opposite the SA Maritime School & Transport College1.4km from the Old Biscuit Mill2km from Lower Main Road, Observatory3.5km from the newly developed Riverlands Mall precinct.Property Features:Zoned as MU24 separate tenanted retail shops.Established tenant mix, with brake clauses for potential owner occupiers.Monthly rental income of approximately R42 030.Prepaid electricity meters installed.Prepaid water meters currently being installed.Municipal account approximately R5700 per month.Annual net income of approximately R435 960.Offered at R5 000 000, this property delivers an attractive 8.72 CAP rate, making it an ideal addition to an investor''s portfolio. With Woodstock''s continued growth and strong demand for conveniently located retail space, this asset offers both stable income and long-term value appreciation potential.Contact Niki or further information or to arrange a viewing.

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