Property features

R5 800 000

Property Details

******REDUCED....REDUCED....****** Was R6.5m FANTASTIC MIXED USE PROPERTY ! FEATURING x 17 IMMACULATE n MODERN RESIDENTIAL UNITS ! OFFICES AND RETAIL COMPONENTS ! POOL IN COMPLEX AND SECURE PARKING ! FULLY TENANTED WITH EXCELLENT RETURNS ! *********** ONLY APPROVED, SERIOUS BUYERS WILL BE ENTERTAINED *************** / This Latest Investment Opportunity Offers: Exceptional Investment Property, situated over x 4 Erfs measuring a total of 3000sqm Sold as one combined offer for all 4 properties. The property ideally has access from 2 roads Residential component: 927Sqm Apartment Block - TOTAL OF x 17 Units made up as follows: - 8 x 2 Bedroom 1 Bath Units with Lounge area, Kitchen and Bathroom. STUNNING FINISHES ! - 2 x 2 Bedroom Loft Units with Kitchen, Bathroom Lounge, Each with a Double auto Garage, and access from another street. ULTRA MODERN ! - 4 x 2 Bedroom Duplex Units, spacious Lounges, Stunning Kitchens and x2 Bedrooms and Full Bathroom upstrairs. SIMPLY MAGNIFICENT UNITS ! - 3x 1 BED UNITS, Large Open Plan Lounge area to Kitchen area, Huge Bedroom and Modern Bathroom All Units in PRISTINE CONDITION, MODERN UNITS all neatly tiled and painted - Stunning condition!! A sparkling Pool is available in the Complex Commercial Component: 988 Sqm Building size: 1) - A double Storey Office Building featuring a Reception area, Kitchen and immaculate Bathrooms, One Open Plan Office and Four Private Offices, and a Large Store room on the ground Level. - First Floor comprises an Executive Office, a Boardroom and Bathrooms. Off street parking and Customer entrance, Workshop with Roller Shutter door, Store room with shutter doors Off street (busy and high viz) parking for Customers Secure parking for staff. 2) - Retail / Component; 507 Sqm Shop space with street frontage Featuring a Spacious Retail shop, a store room and own yard space Secure Carport parking for x 8 Cars - Staff Customer Parking on street INCOME: Gross Income at R128k incl Recoveries (Elec). Total NET Income at R88 000 per month ! ROI 18% (***Offices and Retail shop were under charged for Owners own use - Rates at market prices are +- R25k Pm per shop/Office) Net Income therefore should be at +-R108K pm**** ROI 22.3% ) Expenses Breakdown: Rates & (water for retail/offices) R29378 Other expenses: Gardener R5600 AAA Alarms R 1486 Admin Fees R 321 Maint R 578 Ins R1049 Credit checks R 1000 Bank charges R227 Total R 10261 Call us today to discuss this Fabulous Investment Property on Offer.