A RARE INVESTMENT OPPORTUNITY !
EXCELLENT RETURNS !
DISTINCTIVE FULLY UPGARDED PROPERTY -
IMMACULATE - TURN KEY CONDITION !
FULLY TENANTED WITH LOW TENANT TURNOVER !
PRIME LOCATION ! PRICED TO SELL
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We are proud to present an ABSOLUTE RARE find !
This fully renovated building, immaculately maintained, Offering the following:
3 Floors consisting of 31 Units and 6 Retails Shops on street Level.
Retail Tenants with longstanding track records
Apartments:
14 x 1 Bedroom Units
17 x Bachelor Units
All with Pre paid electricity and Water Meters for no hassle management.
Retail Shops:
1 x Double shop and 4 Smaller shops
Income:
Total R147k Gross R.O.I. 21%
R110k Net R.O.I 16%
Expenses:
R37k
The roof has been fully secured with perimeter fencing, adding dedicated washing line area, communal Braai facilities and seating areas.
Added extras:
Back up Water storage Tanks
Inverter for electricity in Common Areas
Central Tv Dish installation for all Units
Lifts that has been decommissioned and converted into secure storage for all meters and equipment etc. on each Floor
Roof top Communal Braai Facilities and wash line area
Parking: On street Level
Zoning - Business 1 (CBD) Retail and Residential
FAR 1.7 1205sqm
Coverage 81%
This is truly an EXCEPTIONAL INVESTMENT OPPORTUNITY - Do not delay on this prime property, Call us TODAY !