Property features

R1 500 000

Property Details

FANTASTIC OFFERING - IDEALLY LOCATED WITH HIGH PASSING FOOT TRAFFIC ! REDUCED PRICE - VACANT OCCUPATION ! 2 LARGE SHOPS WITH ROLLER SHUTTERS ! AND 2 x 2 BED FLATLETS WITH SPACIOUS LOUNGE, BATHROOM AND KITCHEN ! OUTBUILDINGS IN BACK STAND AREA / BUILDING NEEDS SOME TLC - Restored Value - R2.2m ! LARGE OPEN PLAN SHOPS WITH OFFICE / KITCHEN COMPONENT TYPICAL RENTAL INCOME RANGES PER SHOP R5000 - R8 000 BATHROOM FACILITIES FOR THE SHOPS ON 1ST FLOOR LANDING AREA 2x 2 Bedroom Flatlets Each flat consists of Kitchen, Huge Lounge, Bathroom, and 2 Bedrooms Typical Rental on these Flats ranges R4500 - R4800 Estimated Total Income: R19 000 - R 25 600 Gross Rates R2200 Zoning Commercial Erf size 495sqm Shop size +- 125sqm Flat size +- 115 sqm Out Buildings and out Toilets Communal Garden Area in Back This is a excellent opportunity to add to your investment property portfolio. *****Please note the price has been determined at current condition, Restored Value estimated at R2m - R2.2m**** Call us today !!