STUNNING MODERNIZED UNITS !
LOCATION LOCATION ! PRIME POSITION !
x 2 RESIDENTIAL BLOCKS PLUS RETAIL SHOPS - FULLY OCCUPIED ! (28 TENANTS & 23 GARAGES)
LOW VACANCY HISTORY !
EXCELLENT RETURNS !
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We are proud to present this rare Investment Opportunity, offering:
Block A: Sectionalized units 41:
- 12 Modern Residential Units
- 23 Lock up Garages & Parking
- 6 Retail Shops
Block B: x 9 ULTRA Modern Residential Units
Additional Income - Mtn Tower Long term Lease
Zoning - Business 2
Converge - 70%
Income Gross - R302 643 pm
Recoveries - R45 674pm
Total Income (Gross) R349 397 (19% ROI on R22.5m)
Expenses R94k (average)
(Ins, & Maint, Mgmnt Fee)
Net Income R255 397 pm (14% ROI @ R22.5m)
Vat transaction* Can be Zero'd
Going Concern Sale - No Transfer Duties ***
PRICE : (R22.5m plus Vat) *** Reasonable Offers can be considered ***
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 and other established retailers
Very busy and Popular Local Retail Centre
Nearby Schools and amenities - strong Rental Demand !
• Surrounded by residential and commercial developments
• Long-term capital growth potential
Call us TODAY !