EXCELLENT LOCATION - HIGH DEMAND !
WELL MAINTAINED - ABOVE AVERAGE CONDITION !
2 ADJOING STANDS - COVERED PARKING !
MASSIVE POTENTIAL - GREAT UPSIDE !!
IDEALLY SITUATED ON A BUSY AND POPULAR MAIN ROAD !
SOLD INDIVIDUALLY OR AS PACKAGE WITH A SECOND BUILDING !
OWNER DISINVESTING
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This Unique Opportunity Offers Excellent Features and comes with Great Upside for the Savvy Property Investor:
Corner stand / section:
Spread over 3 Levels improved with -
- x 14 Residential Units - all with Balconies, and in good condition
Make-up: 5 x 2 Bed
5 x 1 bed
4 x bachelor Units
On street Level:
x 7 Retail shops :
1 x Double shop Tenant (2shops)
3 x Single Shop Tenants
Shop 6&7 - Very Large Shop, Front section, with a further Massive (+-230sqm) additional Section to the Rear !
Adjoining stand:
Covered Parking area
Above this on 1st Level is a massive (+-250sqm) 5 x Bedroom residential space - Featuring Entrance area, Dining Room, Massive Kitchen, HUGE Family room leading to a Outside courtyard area, a Long passage with Bathrooms at each end - and 5x spacious Bedrooms with Bic's and Balconies - perfect project to maximize this property further !
Income and expenses are available
Financials are in place
Good yields currently +- R140k Gross @Fully Let
Fantastic net then at +-R100k pm
Improving vacancies a further Upside.
Currently readings area taken in Residential units for Elec
Shops have pre paid linked to council
Water consumption not passed to Tenants - further upside.
This Fantastic opportunity boasts vast financial potential with minor effort / decent management / alterations and reconfigurations to certain sections !
Give me a call TODAY to seize this OPPORTUNITY !
...it will be GONE VERY SOON....!!!