Property Details

EXCELLENT MIXED USE BUILDING ! SPREAD OF FLATS - 2 BED AND 1 BED UNITS OFFERED ! HUGE ROOMS IN GREAT CONDITION - RECENTLY UPGRADED ! A BRAND NEW ROOF INSTALLED AND BUILDING NEWLY PAINTED ! PRIME LOCATION WITH HIGH DEMAND ! FULLY TENANTED, FANTASTIC YIELD ! ( 23% R.O.I.) / This Excellent Investment is up for Sale, Offering: ****** PRICE REDUCED !! ************* Ground Floor: Entrance and Foyer 12 x Single / Bachelor FLATS all neatly painted with Tiled Flooring, with own bathroom and Kitchenette / sink 1St Floor: 6 x Double Room Flats Offering quality Rooms, Large in size and with bathrooms and Kitchen / Kitchenettes Access to balcony area at back ideal for hanging washing etc 2nd Floor 5 x Double Room Flats very neat and extra spacious, offering bathrooms and Kitchens / Kitchenettes 2 x Retail Shops on street Level boasting with brand new Roller shutter doors. Exterior of this building has been upgraded and offers a striking and appealing street view. Income: 12 x Singles at R2800 each +- R31k 11 x Double Room Units at R3500 - R4500 +- R33k Retail Shops (conservative rates) at R3500 +- R4.5k Total Gross +- R68 000 p/m Exp (Rates R1800, Wifi R999 other fees) R8000-R9000 Net Income at +-R60 000 !!! R.O.I. at 23% All utilities are Metered for convenience of Management (W&L) ** Electricity recovered from Tenants at R3/Kw Water recovered at R50/KL Zoning Residential 4 All units with Prepaid meters (WATER AND ELECTRICITY) Billing administered by Citiq Co. CCTV System - Recently fitted x 8 Cameras Call us today on this FANTASTIC Investment Opportunity - no work required !!! ******* PRICE REDUCED FROM R3.9m !! ****** Call me immediately to secure your first option !