Property features

R2 249 000

Property Details

Prime Commercial Property for Sale: Unmissable Investment Opportunity Attention investors! An exceptional commercial property is now available in a highly sought-after area, presenting a once-in-a-lifetime investment opportunity. This property currently generates a robust rental income of R32,110.00 per month, making it a lucrative addition to any investment portfolio. The property features a diverse range of rental units, including a 1-bedroom flat, a 2-bedroom flat, and a 3-bedroom flat, catering to various tenant needs. Additionally, it boasts a spacious retail shop ideal for a large business, plus two other retail spaces suitable for small businesses or other commercial ventures. All rental units are occupied by tenants with existing lease agreements, ensuring immediate and continuous income. A dedicated caretaker is in charge of managing all tenant-related matters, providing a hassle-free experience for the new owner. Located near schools and within easy access to the town and surrounding areas, this property offers unmatched convenience and potential for growth. The proximity to essential amenities ensures high tenant demand and long-term occupancy. Don’t miss out on this prime commercial property. Contact our agent for more detailed information and secure this outstanding investment today. Rental income per month R41 519 P/M Total water sewer and refuse plus minus R5400 Shop 1 Rental R8269 water ,sewer and refuse R900 p/m Lease contract expiry date Nov 2025. Shop 2 Rental R8250 water ,sewer and refuse R900 p/m Lease agreement expire date 30 April 2025. Shop 3 Rental R5200 water , sewer and refuse R900 pm Lease agreement expire date 31 January 2025. Flat 1 Rental R3000 water, sewer and refuse R900 pm Lease agreement date expire Dec 2025. No escalation due to caretaker in position and looking after the leases. Flat 2 Rental R4050 water ,sewer and refuse R900 pm. Expiry date 31 January 2025. Flat 3 Rental R5250 water ,sewer and refuse R900 pm Expiry date 31 January 2025.