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 !
- 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
- 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 !