A FANTASITC HIGH INCOME PROPERTY - IDEALLY LOCATED IN HEART OF CBD, VIBRANT PART OF TOWN !
IMPRESSIVE 20% GROSS YIELD !
VAT TRANSACTION - CAN BE ZERO RATED !
(NO VAT OR DUTIES PAYABLE !)
ENJOYS 3 x STREET FRONTS !
FULLY LET ! HIGH DOOR COUNT AND CASH FLOW HEAVY !
NEAT AND CLEAN UNITS WITH STRONG DEMAND !
**COULD CONSIDER OFFER FOR MINOR COSMETIC WORKS, QUALIFIED, SERIOUS BUYERS ONLY !
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Perfectly Located in the busier and vibrant section of Springs CBD
Consisting of Two Connected Stands ( Total Erf size 1860sqm) With an aprox. GLA 2267sqm with street frontage on 3 streets.
Boasting with x 24 Small Retail shops (some currently let as Double Units, with a healthy demand an no vacancies.
And an Impressive x 39 Bachelor and 1 x Bed Units.
Neat, Older Building with some Tlc Needs, mainly cosmetic.
Structure is of Solid built and general maintenance kept up to standard.
- The building has Pre paid Electricity Meters in all units and Shops,
- Units all have Sub Water meters and billed to monthly rent.
- A Borehole further enhances overall income.
INCOME:
Annual T/o +- R1.665k (19.48% R.o.i)
Expenses - Rates, services to Common areas, manager (owner employee)
Seller has other business interests, hence decision to dispose.
Call us today to seize this lucrative Investment Property before it's too Late !
Financial info, Building Plans etc all available to Qualified Investors.