6 RETAIL SHOPS - ALL TENANTED !
FURTHER x 2 COMMERCIAL TENANTS - BACK YARD AREA WITH CAR WORKSHOPS / YARD PANELBEATING !
UPSTAIRS 4 x 2 BED FLATLETS ! ALL TENANTED
PROPERTY NEEDS SOME TLC - PRICE REDUCED DRASTICALLY TO COMPENSATE
**** REASONABLE OFFERS WILL BE CONSIDERED !!
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This Multi Tenanted property offers
- 5 x Large Shops on street Level (x1 Double shop)
1 x Corner Stand - Car display Floor - Panel beater and Spray Painting tenants utilizing the yard and buildings at the back
- Shops are 125 - 150sqm - Needs some Tlc cosmetics and exterior paint etc
- High demand for these shops in the area
- 4 x 2 Bedroom Flatlets on 1st Floor
All Units and shops have Pre Paid electricity meters
All units currently Tenanted (8 Retail Tenants, 4 Residential Tenants)
x 12 Tenants total
Rental Income:
5 Shops at R3500.00 PM
1 Shop R2500
Corner stand (WITH YARD) AT 2 x R4500.00 PM
4 FLATS AT R2000.00 PM - R8 000
Total Current Income R37000 GROSS
******sub standard Management - utilities are not passed to retail tenants ****
Electricity Recovered
Rates R9000
Net INCOME +- R28k
x 4 STANDS / ERF
MASSIVE POTENTIAL TO BOOST THE INCOME POST UPGRADES !
Call me today to secure this property with such HUGE POTENTIAL - Offers from R1,8m !!!