Commercial Property for Sale in Fort Gale, Mthatha, Eastern Cape for R247,000,000

Commercial Property for Sale in Fort Gale, Mthatha, Eastern Cape for R247,000,000

Net Income R25.7m P/A | Return on Investment 12% | 315 Apartments | Erf: 46,440m2

Commercial Property for Sale in Fort Gale, Mthatha, Eastern Cape

Commercial Property for Sale in Eastern Cape – Fort Gale, Mthatha

Residential Complex for Sale in Mthatha, Eastern Cape – Fort Gale

Location: Copper Lake, 15 Sisson Street, Fort Gale, Mthatha – Floor Size: 19,556m²

Residential Complex, Sisson Street, For Sale R247m

Floor Area: 19,556m2 @ R12,630per m2 = R247m

Erf (Land Size): 46,440m2

Separate Residential Blocks, 315 Apartments

Net Income R25.7m pa
Return on Investment 12%

Fully Tenanted

Two Contracts;
• Nelson Mandela Academic Hospital (NMAH) and
• Umtata General Hospital (UGH)

700m, 2 minutes to NMAH and 1.1km, 3 minutes to UGH

Covered and Open Parking

Guard House with Controlled Access
For further information and to view contact us

Property Overview
Type of Property: Commercial Property | Residential Complex

Street Address: Copper Lake, 15 Sisson Street, Fort Gale, Mthatha, Eastern Cape

Erf Size: 46,440m²
Floor Size: 19.556m²

The units splits are as follows:

No  GLA

Bachelor 102 3 657
1Bedroom 48 2 235
2Bedroom 141 9 390
3Bedroom 24 2 079
Total 315 17 361

WhatsApp | Call for viewing arrangements: 0640080200

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