North End, East London, Eastern Cape ID 1300752
0.0
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.
Real Estate Services
Interested in properties in this area? Enter your email and get regular updates about properties.
Property Not Available? Report it