This income-producing property offers a great investment opportunity.
At the front of the property, there are 3 shops:
Shop 1 rents for R5,500 per month
Shop 2 rents for R5,000 per month
Shop 3 is currently vacant but can rent for about R4,000 per month
The 3 shops can generate a total rental income of R14,500 per month when fully occupied.
At the back of the property, there are 6 rental rooms. Each room has its own en suite bathroom and prepaid electricity meter. The rooms rent for between R2,000 and R2,500 per month each.
The 6 rooms can generate an additional rental income of between R12,000 and R15,000 per month.
When fully occupied, the property can generate a total rental income of approximately R26,500 to R29,500 per month.
This is a good opportunity for investors looking for a property with multiple income streams and strong rental potential.
Contact Daman for a viewing