ref # 914

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R 1 875 000 (94 936 EUR*)

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6
5
3
8
± 500 m2
± 650m2
R 1400  / m
R 0  / m

Property Features
Access Gate
Balcony
Built In Cupboards
Deck
Dining Room
Electricity Included
Entrance Hall
Family/TV Room
Flatlet
Free Standing
Kitchen
Lounge
Pantry
Patio
Pets Allowed
Scenic View
Storage
Water Included

FANTASTIC MIXED USE INVESTMENT ! FULLY TENANTED WITH HUGE POTENTIAL FOR INCREASING YIELD !!

RARE QUALITY MIXED USE PROPERTY !

OWNER OCCUPIED PAST 40YRS - EXCELLENT CONDITION !

ABOVE AVERAGE FLATLETS QUALITY FINISHES !

HUGE POTENTIAL TO BOOST CURRENT INCOME !

POTENTIAL FOR 5 FLATLETS AND 1 OR 2 SHOPS !

PRIME LOCATION - CENTRALLY LOCATED !

  • /

  • ****** PRICE REDUCED DRASTICALLY - RELOCATION SALE ! ***



  • This Investment Property zoned RESIDENTIAL Offers:

  • Ground Floor:
  • Corner Retail shop +- 75Sqm
  • New Tenant just placed R15k pm (Month to month Lease)
  • At the back of the shop is a storeroom with plumbing - originally a 1 Bed Flatlet / Room
  • This can be used as a Bachelor unit again with minimal alteration work.

  • A second 1 Room potential exist - currently used as a storeroom

  • 2 Separate Toilets in the courtyard to service these 2 Rooms

  • From the Shop is access to a Huge Basement.
  • Ideal for a Liquor store owner - storage.

  • 2 Manual Double Roller Garage Doors from street offers Secure parking - 3 - 4 cars and direct access to the courtyard area.

  • Secure main Access door for Tenants

  • First Floor:
  • Huge Wooden Deck Courtyard area used by 3 Flatlets as communal Outdoor area.
  • Partially Enclosed for cozy seating and entertainment area.

  • Bachelor Flat:
  • Stunning Open Plan studio set up, offering Spacious Lounge ad Bedroom area
  • Stunning New Kitchen Fitted with modern Finishes
  • Sparkling New Bathroom with Bath.

  • 1 Bedroom Flat:
  • Entrance Hall
  • Huge Family room
  • Neat Kitchen fully fitted
  • Modern Bathroom with Bath
  • Large Bedroom

  • 2 Bedroom Flat:
  • Open Plan Dining and Lounge area
  • Stunning Modern Kitchen with Gorgeous Fitted Units
  • 2 Bedrooms both magnificent in size
  • Modern Bathroom with Bath


  • Current Income:
  • Bachelor R3000
  • 1 Bed R3800
  • 2 Bed R5500
  • Shop R15000
  • Total: R27 300

  • Possible Additional Income:
  • Further Potential Income from 2 Rooms currently used as storerooms +- R2000 x2 - R4000

  • Garages can be converted back to original Retail SHOP For a further R10 000 if so desired.

  • Current Expenses:
  • rates R1341
  • Elec R3400
  • Ref and Water R 800
  • Total R 7179

  • Income (current R27 300)
  • Net Income: R20 000 p/m

  • (Convert 2 rooms and Increase income - immediately to R25K)

  • Don't delay on this exceptional Investment opportunity !

  • Call today to arrange and discuss !


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