Property features

R1 680 000

Property Details

FANTASTIC OFFERING - IDEALLY LOCATED WITH HIGH PASSING FOOT TRAFFIC ! REDUCED PRICE D TO SELL ! MOTIVATED SELLER / RELOCATING ! 2 LARGE SHOPS WITH ROLLER SHUTTERS ! AND 2 x 2 BED FLATLETS WITH SPACIOUS LOUNGE, BATHROOM AND KITCHEN ! ***FLATLETS BOTH UNDERGOING REVAMP BY OWNER***** OUTBUILDINGS IN BACK YARD AREA X 2 / BUILDING NEEDS SOME TLC - INCOME POTENTIAL Value - R2.4m ! LARGE OPEN PLAN SHOPS WITH OFFICE / KITCHEN COMPONENT (SHOPS HAVE BEEN CLOSED UP INTO TWO SEPARATE SHOPS) ONE SHOP VACANT 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 R4800 - R6000 Estimated Total Income: R26 000 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 R2.2 - R2.4m**** ****OWNER IN PROCESS OF UPGRADING BOTH FLATS - COME AND VIEW !! ***** Call us today !!