Commercial Property for sale in Empangeni Central, Empangeni, KwaZulu Natal, 8559 m²

Empangeni Central, Empangeni, KwaZulu Natal, KwaZulu Natal

Commercial Property

ZAR 175,000,000

• 10 bathrooms
• 8,559 sqm

Empangeni Shopping Centre, CBD This Shopping Centre of 8,559m2 is located on the R34 Arterial Road (Nkwanazi St) at the entrance to the Empangeni CBD. The Shopping Centre is fully let and is anchored by Shoprite in 2,465m2 and Jwayelani Supermarkets (1,768m2) The balance of 32 shops is made up of national (Capitec, Pep, Ackermans, Rage) and local tenants. It is close to the Taxi Rank with high feet traffic and serves all surrounding areas. Budget for the Year commencing January 2027 Total Annual Income = R31,903,892 Total Expenses = R17,109,669 Net Income = R14,794,223 This investment is being offered at an 8.5% yield Empangeni is a well-established town in KwaZulu-Natal, situated approximately 160 km north of Durban and forming part of the wider uMhlathuze area. It is an important commercial, industrial and agricultural centre serving the surrounding communities and the Richards Bay industrial hub. The town benefits from excellent road connections, including the N2 highway, providing convenient access to Richards Bay, Durban and northern KwaZulu-Natal. Empangeni has a diverse economy supported by retail, manufacturing, logistics, agriculture and professional services. The area of…