Bed for Sale North End East London

North End, East London, Eastern Cape
ID 1300752

Bedroom Property for Sale in North End Eastern Cape

R1 500 000

Property Type

Bathrooms

0.0

Bedrooms

Property Type

Bathrooms

0.0

Bedrooms

Property features

R1 500 000
Bedrooms
0.0 Bathrooms
0 Living Room/s
Garage for car/s

Property Details

This commercial property is going for an absolute give-away! This mixed-use Block consists of a Vehicle Service workshop, and a motor vehicle spray paint body shop business. There are 8 very basic Residential Accommodation units, all 8 unit's as well as the 2 workshops are Tenanted. Four of the Units are currently managed by Trafalgar and the remaining 6 Units are managed by the owner. ach unit is equipped with its own Pre-paid Electricity Meter, Geyser, and Pre-paid Water Meter. The current monthly Rental Income is R 33 500.00 p/m with a nett profit of R20 000pm. If converted to a student accomodation, the income can easily double. This project needs someone with vision & needs TLC. Very close to bus & taxi routes, a stone throw away from Piere14. Call now to arrange viewing.