Property features

R1 699 000

Property Details

PRICED TO SELL ! DRASTICALLY REDUCED - HURRY !!! RARE MINT CONDITION MIXED USE PROPERTY ! OWNER OCCUPIED PAST 20YRS - EXCELLENT CONDITION ! POTENTIAL TO BOOST CURRENT INCOME ! PRIME LOCATION - CENTRALLY LOCATED ! GARAGES ORIGINALLY WERE RETAIL SHOPS - SIMPLE CONVERSION TO RETURN TO RETAIL OUTLETS ! MODERN UPGRADED FLATLETS ! PRICE REDUCED DRASTICALLY ! / Grab this FANTASTIC Property: Large Double Volume corner shop, with storerooms ( or convert this large storeroom to another separate shop - 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 Upstairs features a gorgeous outdoor deck - with 3 Flatlets Flatlets: 1) 2 Bedroom Flat - with Lounge, Dining Room and 2 Bedrooms. Kitchen and Bathroom is ULTRA MODERN ! 2) Bedroom Bachelor / Studio Kitchen and Bathroom ULTRA MODERN Double Volume Lounge Bedroom 3) Spacious 1 Bedroom Flatlet with MASSIVE Lounge, Dining Room area and STUNNING Bathroom and Kitchen - Modern upgraded amenities ! Potential Income: Bachelor R3600 1 Bed R4100 2 Bed R5500 Shop R8000 Total: R21 200 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. Current Expenses: rates R1341 Elec R2400 Ref and Water R 800 Total R3 741 Potential Income before conversions ( R21 200) Net Income: R20 000 p/m Potential Income with conversions (R43 000) Potential Increased Yield Net R40k Call us today to enquire on this BARGAIN !