With a yeild of +-24%.
This property includes 3 commercial shops that includes
Church(R6500.00/month)
Pharmacy (R7500.00/month)
Cannabis store (R7000.00/month)
Totally generating R21000.00/month on retail.
The back includes:
12 residential rooms that generate a R25k/month
Utilities are managed as follows:
Each retail shop has its own prepaid electricity meter, and tenants purchase and load their own electricity.
Water meters are read monthly, and tenants are billed according to their individual usage.
Total gross income is R46 000.00
Net after rates R43 000.00
NOTE: due to it's high yeild, this is a hot listing ,so first come first serve.
Easy to maintain.