ref # 999

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R 3 690 000 (184 962 EUR*)

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17
11
10
± 500 m2
± 1200m2
R 1800  / m
R 0  / m

Property Features
Balcony
Built In Cupboards
Dining Room
Electricity Included
Entrance Hall
Family/TV Room
Fence
Flatlet
Free Standing
Kitchen
Patio
Paving
Satelite
Scenic View
Storage
TV

MIXED COMMERCIAL PROPERTY - - 2 x RETAIL SHOPS AND 11 x SPACIOUS FLATLETS IN PRIME LOCATION !

FANTASTIC INVESTMENT OPPORTUNITY !

EXCELLENT RETURN ON INVESTMENT, WITH GROWTH POTENTIAL ! (Easy Conversion)

LOW MAINTENANCE BUILDING !

LARGE AND SPACIOUS FLATS - WELL MAINTAINED AND MANAGED.

FULLY TENANTED !
LEASES IN PLACE

GOOD MIX OF BACHELOR, 1 BED AND 2 BED FLATLETS.

LONG STANDING RETAIL TENANTS !

HUGE DEMAND FOR THESE FLATS, GREAT LOCATION !

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  • This EXCELLENT INVESTMENT Property Offers:

  • Entrance Foyer via access Controlled door

  • Various Unit options catering to a wide range of Tenants:

  • - 6 x 2 bedroom flats @ +-R4500 - (Total R27000)
  • Massive Rooms and spacious Lounges.
  • Neat bathrooms and Kitchens
  • Balconies.

  • - 2 x 1 bedroom flats @ +-R3500 - (Total R7000)
  • Large Lounge, Kitchen, Bathroom and a Spacious Bedroom.
  • Balconies.

  • All flats with pre paid Electricity and water meters.

  • - 3 x bachelor flats(Duplex) @ +-R3000 - (Total R9000)
  • Duplex Units, Upgraded / Modernized with Tiled Lounge, Kitchen and Bathroom on lower level, The bedroom is on upper Level.
  • All neatly Tiled with Modern Finishes and Cabinetry.
  • Solar Geysers and pre paid meters.

  • - 2x Retail shops @ +-R5000 - (Total R10000)
  • Large shops, one of the Tenants been renting for 30yrs plus.


  • * Total Income R67000 Gross

  • Zoning - Residential 4
  • No sectional Title
  • Under roof area 1200sqm

  • * Net Income R42 000 pm
  • R.O.I. at 14%


  • *******One could easily convert one of the retail shops into x4 additional flatlets (bachelor) by way of simple alterations.
  • Possible further income at 4 x R2800 - Easy conversion - Potential Gross R80K per month ! (18% R.O.I. !! **********)

  • Owners disinvesting.

  • Call today to add this excellent Investment Property to your Portfolio !




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