ref # 953

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R 3 995 000 (192 067 EUR*)

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34
22
± 500 m2
± 1380m2
R 1800  / m
R 0  / m

Property Features
Access Gate
Balcony
Electricity Included
Entrance Hall
Flatlet
Free Standing
Kitchen
Main Ensuite
Paving
Scenic View

PRIME INVESTMENT UP FOR GRABS ! MIXED USE BUILDING 23 ROOMS IN SOUGHT AFTER LOCATION.

EXCELLENT MIXED USE BUILDING !

RECENTLY UPGRADED WITH BRAND NEW ROOF !

PRIME LOCATION WITH HIGH DEMAND !

FULLY TENANTED YIELDING FANTASTIC RETURNS !

  • /


  • This Excellent Investment is up for Sale, Offering:

  • Ground Floor:
  • Entrance and Foyer making a very clean and neat Impression.
  • 12 x Single / Bachelor Rooms all neatly painted with own bathroom and sink

  • 1St Floor:
  • 6 x Double Rooms 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 Rooms 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 R2500 +- R30k
  • 11 x Double Rooms at R3500 - R4100 +- R31k
  • Retail Shops (conservative rates) +- R6,5k

  • Total Current Income +- R70 000 p/m Gross
  • Exp (Rates R1800, Wifi R999) R2800

  • Net Income at +- R67 000

  • ** Electricity recovered from Tenants at R3/Kw Water recovered at R50/qube

  • All units with Prepaid meters
  • Billing administered by Citiq
  • CCTV System - Recently fitted x 8 Cameras

  • Don't delay on this EXCITING Offering, it will not be available for too long !!!

  • ******* PRICED TO SELL ******
  • Call me immediately to secure your first option !


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