EXCEPTIONALLY RARE OPPORTUNITY : LOCATION + MINT CONDITION + FANTASTIC ROI !
FULLY OCCUPIED !
TOTALLY UPGRADED BLOCK - TOP TO BOTTOM, IMMACULATE INVESTMENT PROPERTY !
ALL PAPERWORK IN ORDER, LEASES,FINANCIAL DATA etc - AND IT IS PRICED TO SELL !!!!
*SERIOUS BUYERS ONLY
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FANTASTIC INVESTMENT - MIXED USE BUILDING Offering the following:
4 x Retail Shops - Well maintained condition with modern finishes.
24 Residential Units: All gutted to the bone, Fully Upgraded recently.
EXCEPTIONAL CONDITION !
Good spread between Bachelor units, One Bed and 2 Bedroom Units.
Make up:
8 x 2 Bed Units
10 x 1 Bed Units
6 x Bachelor Units
Income:
Total Gross - R127k ROI 20.61%
Total net - R88k ROI 14.39%
x12 Units with Balconies
All Units and Shops with Pre paid electricity meters.
All water meters Metered.
On street Level there is 4 x Shops
3 Tenants (One Tenant with Double Shop)
Large shop Tenant also renting store rooms.
The shops have back doors from the courtyard, offering access to their living component of the shops.
(Upside to separate from the shops and convert to 4 additional Residential Units)
1st and 2nd Floors consisting of the Various Residential Units
Lifts have been decommissioned and are used as storage space / meters and camera rooms.
Communal Courtyard with washing lines, Braai Facilities and seating areas.
Parking:
On street parking
Zoning - Business 1 CBD
We rarely come across Buildings offering such Value for Money - with a realistic PRICE Tag !
Slightly Negotiable.
Serious and Motivated Buyers ONLY.
Don't Delay - call us TODAY to avoid disappointment !!