Established rental income with further development potential
* DUAL MANDATE * Prominently positioned on Bath Street, Montagu’s main thoroughfare, this substantial investment property offers an attractive combination of established rental income and long-term growth potential.
Set on a generous 2,228 m² erf, the property offers a total building area of 1,196 m², comprising 614 m² of retail space across three business units and 263 m² of residential accommodation consisting of four 4-star-graded rental units.
Additional features include a full-length balcony overlooking Bath Street, secure rear parking, a garage, established gardens and a fully enclosed plunge pool for self-catering guests. The upper floor also offers exciting potential for conversion into four additional residential flats, creating an opportunity to further expand rental income, subject to the necessary approvals.
The investment offers two acquisition options: purchasing the property directly or acquiring the shares in the company that owns the property, allowing prospective investors to consider the structure best suited to their investment objectives.
With excellent main-road visibility, established income streams and further value-adding potential, this property presents an exceptional opportunity to secure a substantial commercial asset in the heart of historic Montagu.
Invest in Montagu’s commercial heart. Contact us today to arrange a viewing and explore the full potential of this exceptional investment.
VAT is payable at zero rate as for going concern.
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