Lansdowne, Southern Suburbs, Western Cape ID 1321016
Commercial
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372m² Mixed Use Commercial Property for Sale in Lansdowne, on Sole Mandate 96 Highgrove Road is a free-standing LB2 zoned property that has a blend of commercial and residential income opportunity ample with gated and off-street parking. It is positioned centrally between Wetton Road and Lansdowne Road. This Mixed Use Commercial Property For Sale in Lansdowne offers a 11.2% yield when maximized with a WALE of 12 months. It has pre-paid electricity meters with water on the monthly rates, along with very reasonable municipal accounts. It also has single phase power throughout the building with area availability of 3 phase power if required. The property offers a 372m² LB2 zoned erf with an estimate of 330m² of bulk used and 42m² of bulk remaining to maximize on the opportunity with no heritage restrictions on the building. The current tenant mix consists of 3 residential tenants already on renewed leases, a vacant 2 bedroom apartment and a vacant retail store previously used as a clothing boutique store. The property also has secure parking behind a garage door for 3 cars in tandem, with a large amount of offstreet parking infront of the premises. The projected income of the property allows for a nett yield of 8.5% per annum as it stands, with the potential of growth to 11.2% when maximized. This opportunity rich node of Lansdowne offers a wide variety of different property classes ranging from commercial, industrial as well as residential property, which encourages exposure to various types of clients on a regular basis. Highgrove Road has ease of access to Wetton Road and Lansdowne Road, being very popular channels to all major arterials. Contact me for an exclusive viewing of this Mixed Use Commercial Property on Auction in Lansdowne today. Pre-auction offers welcome.
Swindon Property Services
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