ref # 794

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R 5 500 000 (278 481 EUR*)

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17
13
± 999 m2
R 5750  / m
R 0  / m

Property Features
Balcony
Built In Cupboards
Dining Room
Electricity Included
Entrance Hall
Family/TV Room
Flatlet
Kitchen
Paving
Water Included

MIXED USED - INVESTMENT 13 FLATS + 4 SHOPS - EXCELLENT INVESTMENT OPPORTUNITY

PRIME LOCATION !

SITUATED CLOSE TO BUSY MAJOR CHAIN STORES AND BANKS !

FULLY TENANTED !

COMPRISING OF 13 FLATS ON 1ST FLOOR AND 4 SHOPS GROUND FLOOR !

SHOPS HAVE LONG STANDING TENANTS !

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  • EXCELLENT INVESTMENT OFFERING:

  • 4 Large shops on Ground Floor with Stable Tenants (Total Income +-R46k)
  • 13 Flatlets on 1st Floor - 4 Large Flats and 10 Mixed - Bachelor and 1 Bedroom Flats (Total Income +-R36k)

  • Pre Paid Meters Installed (Electricity and Water)- collected at around 80-85% of the usage (Total Collected AUtilities R12 500)

  • TOTAL GROSS INCOME : R94 000 per month

  • Monthly Expenses:
  • Rates R7500
  • Refuse R 6200
  • Water R4 200
  • Water R6 200
  • Sew R5 400
  • Elec R6 600
  • Elec R5 600
  • TOTAL EXPENSES : R41 500

  • Net Income R57 500 pm

  • Rent Roll and financials available

  • HUGE POTENTIAL TO INCREASE YIELD !!!!
  • well maintained and no need of renovations
  • Going Concern - Take Over Deal - fully tenanted, and at Zero Vat for Legal Entity Purchaser (Claim Vat Back)


  • Shop 1 148 sqms
  • Shop 2 110 sqms
  • Shop 3 210 sqms
  • Shop 4 210 sqms

  • Flatlets:

  • Unit 1 – 82sqms
  • ? 3 Bedrooms
  • ? 1 Bathroom
  • ? Toilet
  • ? Kitchen
  • ? Balcony

  • Unit 2 – 80 sqms
  • ? 3 Bedrooms
  • ? 1 Bathroom
  • ? Toilet
  • ? Kitchen

  • Unit 3 – 62 sqms
  • ? 1 Bedroom
  • ? Kitchen
  • ? Bathroom and toilet

  • Unit 4 – 62 sqms
  • ? 1 Bedroom
  • ? Kitchen
  • ? Bathroom and toilet

  • I do not have the sqms of the other flats, but know the total floor area is around 160 – 180 sqms.

  • Unit 5
  • ? 1 bedroom
  • ? Lounge
  • ? Kitchen
  • ? Shower and toilet

  • Unit 6, 7, 12 and 13
  • ? Bachelor/ open plan - Bedroom, kitchen, shower and toilet

  • Unit 8
  • ? One bedroom
  • ? Lounge
  • ? Kitchen
  • ? Bathroom and shower

  • Communal flat made of (Unit 9, 10, 11):
  • ? 3SINGLE bedrooms
  • ? 3 Shared showers
  • ? Shared Kitchen
  • ? 3 separate toilets

  • Renovations were done to the property 6 years ago


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