GREAT INCOME PROPERTY IN MINT CONDITION !
SECURE PARKING AND GARAGES !
KLINKER / LOW MAINTENANCE BUILDING !
LOADS OF POTENTIAL TO IMPROVE / INCREASE UNITS !
ROOF RECENTLY PAINTED - QUALITY PAINT !
/
This Fabulous Property is Up For Sale with Caldan Homes, Offering the following features:
- x 5 Retail Shops
Long standing tenants
- x 9units with 6x1 Bed Units and 3x2 Bed Units
The owner's 2 Bed unit features two Bathrooms, With 2 Garages and a large entertainment room with separate entrance - This unit can easily be converted into a 3 or 4 one bed units with a simple conversion.
The one shop also using 2 additional Garages for storage, and x 2 rooms at the back of the shop which can be separated into x 2 bachelor rooms (bathroom available or fittings)
All municipal costs billed to tenants as per readings monthly
Income:
Gross Income : R54 700 (Rent)
Expenses: R6530 (Rates n Taxes)
Net Income R48 170 pm
R.O.I.
Gross 12%
Net: 10%
THE POSSIBILITIES ARE ENDLESS !!
The retail shops can be built up to 2 storeys - property Zoning is Business 2.
Erf size 1468sqm
Coverage is 76%
Paving/Tar open area 300sqm
POTENTIALLY ONE CAN REMODEL TO 15 UNITS
BY ALTERRATIONS ONLY !
All Shops and Units have own water and elec meters - readings taken monthly and passed on to all tenants
CCTV Cameras HD x 6 included
Call us today - do NOT delay !