PRIME LOCATION ON BUSY ROAD IN PRIMROSE CBD !
IMMACULATELY MAINTAINED UNITS !
FANTASTIC RETURNS !
GOOD MIX OF UNIT OPTIONS !
(FROM 1 , 2, 3 OR 4 BED UNITS)
PHARMACY AS ANCHOR TENANT !
/
This Investment Property Offers:
Low Maintenance Building on main road
Ideal Location with popular Shopping brands in the surrounds
On street Level 3 Shops:
- A Local grocer occupies 2 shops for the past 16
Years
- Well known existing Pharmacy is now a new
Tenant to the property - busy with shop
fitting and new 2 year lease signed for the
3rd Shop
On First Floor:
4 x Large Units offering 2,3 and 4 Bedroom Units
(R5900 - R8900)
2 x Spacious 2 Bedroom Units on Ground Level at the back ( R4300 - R4500)
Additionally there are 5 x 1 Bedroom Units all occupied. (R2100-R2900 PM)
2 x Garages:
1 x Garage used as a Store room for the property
1 X Garage rented out
Pan handle access driveway
Secure Access gates to the parking area
Large parking area
Storage rooms
Outside Toilets
Income:
Gross income +-R90k
All units with pre paid electricity meters
All units with water meters
Levies charged to recover Refuse, Sewer and common area Electricity usage
Expenses:
Rates R2454
Insurance +- R 5000
Cleaner R2000
Net Income R80K (Full occupancy)
Current Net - R68k
With location in the vibrant business node of Primrose with National Brand retailors surrounding, the demand is unparalleled
Boasting with longstanding tenants this well managed and cared for property makes perfect business sense
All paperwork in place, plans available and financial records are at hand
OFFERS FROM R4,2m considered *****
Call us Today to secure this Fabulous Investment property !