EXCELLENT INVESTMENT - MIXED USE COMMERCIAL PROPERTY. Now for sale is a fully tenanted commercial property on the Main Road in the heart of the Central Business District (CBD) of Knysna. This building consists of 8 shops and 5 residential apartments and offers 8 private secure covered parking bays.
The asking price is excl. VAT.
The net yield is approximately 8% and offers a unique opportunity to get a foothold into the popular commercial area of the Knysna CBD.
This property has recently been renovated which includes a complete replacement of the roofing. The building is located in a Prime Location, with ample public parking in front and around the building. The CBD of Knysna is a bustling area with high foot traffic and excellent visibility. Having your property in this central location is a significant advantage as it attracts both locals and tourists, ensuring a consistent flow of potential customers to your tenants.
In the Knysna CBD, commercial space is always in high demand due to its strategic location and general growth in the town. Local businesses, restaurants, and retailers are always looking for prime spots to set up shop. With secure tenants already in place, you have a competitive advantage in attracting new businesses if any of the shops become vacant in future and thereby providing a steady and diversified income stream while benefiting from the area's growth and development.
More information available upon request.