Property features

R25 000 000

Property Details

LOCATION LOCATION ! PRIME POSITION ! STUNNING MODERNIZED UNITS ! x2 RESIDENTIAL BLOCKS PLUS RETAIL SHOPS - FULLY OCCUPIED ! (28 TENANTS & 23 GARAGES) LOW VACANCY HISTORY ! EXCELLENT RETURNS ! / We are proud to present this rare Investment Opportunity, offering: Block A: Sectionalized units 41 - 12 Modern Units 23 Lock up Garages & Parking 6 Retail Shops Block B: x 9 Modern Units Additional Income - Mtn Tower Zoning - Business 2 Converge - 70% Income (Projected) - R288405 pm Recoveries - R45674 Total Income (Gross) R334079 Expenses R42136 Net Income R291 943 pm (ROI 14%) Ideally Located on a well established and vibrant shopping complex, boasting National Tenants such as Pick n Pay, PEP and many more- amplifying foot traffic and demand ! Walking distance to amenities such as Schools, Hospital, and main arterial routes. Key Features: • Fully tenanted with a diverse and stable tenant mix • Strong street frontage and foot traffic • 23 secure garages allocated across both courts • 100% occupancy across all units • Consistent and reliable rental income with low vacancy history • Adjacency to national tenants such as PEP, Pick n Pay and other established retailers • Surrounded by residential and commercial developments • Long-term capital growth potential Call us TODAY !