Lenasia South, Johannesburg, Gauteng ID 1150716
This very well planned commercial property will grow as the income is generated and the ROI is above the normal 10% currently and has much more potential when completed. With 20 units in total and 2 entrances. Balconies on both ends and built with a sense of community in mind. Each unit is allocated 2 parking bays and very well sized rooms. 1 and a half bathrooms on the 3-bedroom units. Neatly finished and dual entrances on the bottom floors and one side of the 2nd floor (The entrances for the kitchen on the second floor for the 7 unfinished units need to be completed) 13 units fully occupied and 3 shops. Total monthly income is R60 270.00/month The remaining unfinished 7 units should boost the income to R100 000.00/month This is a real earner for passive regular income in an area with a very high demand for rentals. The zoning is commercial. The ROI works out to R7 232 000.00 currently. Added feature is a borehole system for water so the water is at no cost to the residence. This is excellent investment.
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