PRICED TO SELL ! *REDUCED
RARE MINT CONDITION MIXED USE PROPERTY !
OWNER OCCUPIED PAST 20YRS - EXCELLENT CONDITION !
IMMACULATE FLATLETS WITH MODERN FINISHES !
PRIME LOCATION - CENTRALLY LOCATED !
GARAGES ORIGINALLY WERE RETAIL SHOPS - SIMPLE CONVERSION TO RETURN TO RETAIL OUTLETS !
OR, CONVERT TO APPARTMENTS !
MODERN UPGRADED FLATLETS !
PRICE REDUCED DRASTICALLY !
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Grab this FANTASTIC Property:
Featuring the following:
Large Double Volume corner shop (330Sqm), with storerooms ( or one could convert this large storeroom into another separate Shop / Flatlet - plumbing already installed)
Two Double Garages with Roller Doors - Originally these were 3 shops - simple conversion to return to original use.
Workers room with Shop toilets in the central courtyard area
1St Floor features a gorgeous outdoor deck - with 3 Flatlets
Flatlets:
2 Bedroom Flat - with Lounge, Dining Room and 2 Bedrooms.
Kitchen and Bathroom is ULTRA MODERN !
1 Bedroom Bachelor
Kitchen and Bathroom ULTRA MODERN
Double Volume Lounge
Bedroom
Spacious 1 Bedroom Flatlet with MASSIVE Lounge, Dining Room area and STUNNING Bathroom and Kitchen - Modern upgraded amenities !
Potential Income:
Bachelor R4500
1 Bed R5500
2 Bed R6500
Shop R8000
Total: R24 500 gross
Possible Additional Income:
Further Potential Income from 2 Rooms currently used as storerooms +- R2000 x2 - R4000
Garages can be converted back to original Retail SHOP For a further +-R18 000 total ( 3 shops) if so desired, or convert them into Apartments.
Expenses:
rates R1341
Elec R2400 (occupied)
Ref and Water R 800 (occupied)
Total R3 741
Potential Income before conversions ( R24 500)
Net Income: R20 759 p/m
Potential Income with conversions (R46 500 gross)
Potential Increased Yield Net R43k average pm !
Call us today to enquire on this BARGAIN !