Property features

R4 300 000

Property Details

PRIME LOCATION ON BUSY ROAD IN PRIMROSE CBD ! IMMACULATELY MAINTAINED UNITS ! FANTASTIC RETURNS ! GOOD MIX OF UNIT OPTIONS ! (FROM 1 , 2, 3 OR 4 BED UNITS) PHARMACY AS ANCHOR TENANT ! / This Investment Property Offers: Low Maintenance Building on main road Ideal Location with popular Shopping brands in the surrounds On street Level 3 Shops: - A Local grocer occupies 2 shops for the past 16 Years - Well known existing Pharmacy is now a new Tenant to the property - busy with shop fitting and new 2 year lease signed for the 3rd Shop On First Floor: 4 x Large Units offering 2,3 and 4 Bedroom Units (R5900 - R8900) 2 x Spacious 2 Bedroom Units on Ground Level at the back ( R4300 - R4500) Additionally there are 5 x 1 Bedroom Units all occupied. (R2100-R2900 PM) 2 x Garages: 1 x Garage used as a Store room for the property 1 X Garage rented out Pan handle access driveway Secure Access gates to the parking area Large parking area Storage rooms Outside Toilets Income: Gross income +-R90k All units with pre paid electricity meters All units with water meters Levies charged to recover Refuse, Sewer and common area Electricity usage Expenses: Rates R2454 Insurance +- R 5000 Cleaner R2000 Net Income R80K (Full occupancy) Current Net - R68k With location in the vibrant business node of Primrose with National Brand retailors surrounding, the demand is unparalleled Boasting with longstanding tenants this well managed and cared for property makes perfect business sense All paperwork in place, plans available and financial records are at hand ********************** OFFERS FROM R4,2m considered ***** ********************** Call us Today to secure this Fabulous Investment property !