Web Ref No 7002001-18299

Knysna Garden Route Western Cape

Situated on the N2 coming into Knysna proper from Plettenburg Bay side, this is a solid investment opportunity with excellent 10% return and climbing. On Main Street in Knysna, waiting for the discerning buyer, this property is well positioned with a petrol station, the Knysna Court House, SAPS and Post Office in the immediate vicinity. Knysna and surrounds has grown into a bustling metropolis both in season and out and currently has several retail projects in process in an effort to accommodate the community.

This property is well maintained and populated by consistent long term tenants. There are 8 retail spaces of varying sizes plus 29 parking bays located in the basement which also generate passive income. The key tenant here is KFC and has been here for 20+ years and recently upgraded their facilities. The other tenants are mainly a mix of corporate and national brands and all have been there for more than 3 years barring the NPO newcomer which has been there for just over 2 years and thriving. All tenants have remained solid contributors even through the pandemic.

Under roof - 1560 sqm of retail/office space with an extra 938 sqm of secure basement parking and storage facilities. The erf is on a slight gradient creating a second level when viewed from Main Street and offering some of the retail spaces a second entrance/exit at the rear of the building and onto extra parking and driveway – all paved. The other retail spaces share a passage way to the basement parking entrance and a staircase to the rear driveway.

The apartments above and the adjacent dealership are separate entities, the apartments also being privately owned. The entire premises currently has 24 hour guarding to protect all assets.

Please contact us to discuss your purchase of this extremely saleable property and private viewing.

VATABLE

NO TRANSFER DUTY