Property features

R10 000 000

Property Details

Property Overview Wealth Point Properties is excited to present a unique standalone property located in the vibrant Stonebridge area of Phoenix. This large business centre spans an impressive 1148m² and features a three-storey building that accommodates a diverse range of tenants and business opportunities. Tenant Information The property currently hosts seven tenants, generating a robust rental income of R75,000, excluding the potential income from the upstairs residential unit. This multi-tenant setup not only provides immediate cash flow but also offers the opportunity for further expansion or reconfiguration to maximize returns. Building Details The structure consists of three levels: 1. Lower Ground Floor: This level is dedicated to two panel beating shops and a workshop, catering to automotive needs and providing essential services to the local community. 2. Ground Floor: The ground floor presents significant potential for various commercial ventures. It is ideally suited for businesses such as: 1. Petrol station (franchise required for conversion) 2. Supermarket 3. Hardware store 4. Tyre shop 5. Paint shop This versatility allows prospective buyers to tailor the space according to market demands, enhancing its attractiveness as an investment. 1. First Floor: The first floor is designed as a residential unit featuring: 1. Three bedrooms, with the main bedroom boasting an ensuite bathroom and direct access to an outdoor patio. 2. A total of three bathrooms, including: 1. One bathroom equipped with a shower, toilet, and sink. 2. A second bathroom with just a toilet. 3. A fully fitted kitchen that meets modern standards. 4. A spacious lounge area that provides comfort and relaxation. 5. A dining room that leads out onto a balcony, perfect for entertaining guests or enjoying outdoor views. 6. A laundry cupboard that includes a safe for added security. Investment Potential This property represents an excellent investment opportunity due to its strategic location in Phoenix, which is known for its growing commercial landscape. The combination of established tenants and potential new businesses creates a dynamic environment conducive to profitability. Additionally, the requirement for franchising to convert part of the property into a petrol station opens up avenues for collaboration with well-known brands in the industry. In summary, this standalone commercial property in Stonebridge offers both immediate income through existing tenants and future growth potential through various business opportunities. With its prime location and versatile layout, it stands out as an attractive option for investors looking to expand their portfolio in Phoenix