ref # 910

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R 3 100 000 (156 962 EUR*)

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9
8
3
10
± 500 m2
± 800m2
R 2000  / m
R 0  / m

Property Features
Access Gate
Balcony
Built In Cupboards
Dining Room
Electricity Included
Entrance Hall
Family/TV Room
Fence
Fireplace
Flatlet
Free Standing
Kitchen
Laundry
Lounge
Pantry
Satelite
Scenic View
Staff Quarters
Storage
Study
TV

SUPERB MIXED USE BUILDING - 5 x LARGE FLATLETS and 1 DOUBLE VOLUME SHOP

EXTREMELY WELL CARED FOR BUILDING !

PRIME LOCATION - IDEAL FOR STUDENT ACCOMODATION !

LOVELY SPACIOUS 2 BED FLATLETS WITH BALCONIES !

OUT BUILDINGS WITH STORE ROOM, 3 x TOILETS !

LARGE DOUBLE VOLUME SHOP WITH OFFICE !

AUTO GARAGES !

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  • This Rare and Quality Building OFFERS:

  • Ground Level:

  • - Flat Nr 5 - Converted and used as Double Garages with Automated Roller Shutter door
  • Originally the Bachelors flat consisted of a Bedroom / Lounge, Kitchen and a Bathroom.

  • - Double Volume Shop:
  • Large Open plan Shop ideal for Retail, with a Kitchen area, an Office in the rear, and Large Display windows with security Trellis and Double Access Doors
  • This Shop has rear exit Door to the Store room and Toilets in the Large back court yard.


  • First Floor: FLATS 3 and 4 ( Amalgamated )

  • 2 x 2 Bedroom Flatlets which where joint into one entire floor currently used by the Owner for personal use.
  • The entire double living Property boasts Rhodesian Teac flooring and is in MINT CONDITION !

  • The entire 1st floor landing / patio is covered with dome shaped clear patio roofing
  • This Double Living Main section features with
  • Entrance Hall
  • Neat and spacious Bedroom 1
  • Huge Open plan Dining room and Kitchen (Converted)
  • The SPACIOUS Kitchen is gorgeous and boasts Fitted cupboards all round
  • A Separate Family Room of good size
  • Separate Main Bedroom (2nd bedroom) down the passage
  • Bathroom with Shower

  • This Main section is then joined with a passage and foyer to the adjacent 2 bedroom flatlet with it's 2 bedrooms, lounge, kitchen, balcony and bathroom.
  • Projected income at R5800 x 2 = R11 600

  • SECOND FLOOR:
  • Flat 1 and Flat 2

  • Both Flats have 2 bedrooms, a spacious Lounge leading ton a sunny Balcony, a Kitchen and Bathroom with Bath in both.


  • Typical Income for Flats of this Calibre:
  • R5500 - R6500 p/m
  • Currently there are 4 flatlets as one flat is being used as Garages, however it can easily be converted back to a flatlet

  • Shop
  • Rental of R 12 000 - R15 000


  • Current Total projected income at R32 000
  • Max Potential Total Income at R 42 000 - R 45 000.00

  • Rates +- R2 000
  • Zoned Commercial
  • Erf 500sqm
  • Shop size +- 160sqm - plus outside store room and toilets(exl)

  • Garage with Automated Roller door - 80sqm

  • Various on Street parking - 10 Cars

  • This FABULOUS Property stands apart from the average property and offers HUGE Investment Potential !

  • Call today to avoid disappointment !


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