Property features

R2 500 000

Property Details

6 RETAIL SHOPS - ALL TENANTED ! FURTHER x 2 COMMERCIAL TENANTS - BACK YARD AREA WITH CAR WORKSHOPS / YARD PANELBEATING ! UPSTAIRS 4 x 2 BED FLATLETS ! ALL TENANTED PROPERTY NEEDS SOME TLC - PRICE REDUCED DRASTICALLY TO COMPENSATE **** REASONABLE OFFERS WILL BE CONSIDERED !! / This Multi Tenanted property offers - 5 x Large Shops on street Level (x1 Double shop) 1 x Corner Stand - Car display Floor - Panel beater and Spray Painting tenants utilizing the yard and buildings at the back * Shops are 125 - 150sqm - Needs some Tlc cosmetics and exterior paint etc * High demand for these shops in the area - 4 x 2 Bedroom Flatlets on 1st Floor All Units and shops have Pre Paid electricity meters All units currently Tenanted (8 Retail Tenants, 4 Residential Tenants) x 12 Tenants total Rental Income: 5 Shops at R3500.00 PM 1 Shop R2500 Corner stand (WITH YARD) AT 2 x R4500.00 PM 4 FLATS AT R2000.00 PM - R8 000 Total Current Income R37000 GROSS ******sub standard Management - utilities are not passed to retail tenants **** Electricity Recovered Rates R9000 Net INCOME +- R28k x 4 STANDS / ERF MASSIVE POTENTIAL TO BOOST THE INCOME POST UPGRADES ! Call me today to secure this property with such HUGE POTENTIAL - Offers from R1,8m !!!