FABULOUS MULTI PURPOSE INVESTMENT PROPERTY !
METICULOUSLY RENOVATED - TOP END INTERIOR FINISHES !
ALUMINIUM WINDOWS INSTALLED FOR A MODERN EXTERIOR LOOK !
STABLE LONGSTANDING RETAIL / COMMERCIAL TENANTS WITH LONG LEASES !
TENANT LEASING 1ST FLOOR AS LUCRATIVE BnB LODGE WITH 14 x STUNNING En SUITE ROOMS !
UPSIDE: LOOKING TO PLACE 14 LONG TERM TENANTS - SIMPLE MODIFICATIONS ADDING ONLY KITCHENETTES TO THE EN-SUITE ROOMS ?
BOREHOLE !
PRIME LOCATION ! ON A POPULAR AND WELL KNOW STREET !
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This Pristine Investment Property up for Sale !
Offering x 8 Retail Shops on street Level
Neat and well kept shops with bathrooms at rear
Leases in place with Strong n Stable income
First Floor offering x 14 Ultra Modern Bedrooms with en suite Bathrooms - operating as a lucrative Guest Lodge, Leased out to Tenant/operator.
Entire 1st Floor / Rooms Boasting with top end fittings and finishes as it was recently renovated from top to bottom, making this a sought after accommodation choice for Guests in the area.
With simple additions of Kitchenettes to these rooms the top floor could be home to x 14 Upmarket and Stylish Bachelor Units !
You decide !
Gross Income R92k - R98k (close to R1.2m p.a)
Net Income after all expenses Estimate R85000 pm
17 % R.O.I
Operational cost could be passed on to Tenants to boost income.
Currently no running costs charged to tenants.
Various options possible as up side.
Additional Features
Laundry Room and facilities, Communal section with Kitchen and Ablution, Store room and outside toilet and shower.
Cctv
Solar Geyser
Borehole (to be fitted in due course)
Expenses R15k pm
Make that call and seize this Pristine Investment TODAY !
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Extreme care has been taken to ensure that all representations contained in this advertisement are accurate and is provided on an “as is” basis with no guarantees whatsoever. The representations herein has not been compiled to meet a Purchaser’s individual requirements and it remains the Purchaser’s sole responsibility to inspect the property duly prior to entering into any purchase agreement. The representations herein does not constitute the terms of sale as the images and descriptions are merely indicative. Caldan Homes assumes no responsibility for any errors and we reserve the right to correct/change/update the advert at any time without prior notice.