ref # 1425

 ref # 1425

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R 6 500 000 (312 500 EUR*)

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  101 springs rd
42
42
± 930 m2
± 2500m2
R 5700  / m
R 0  / m

Property Features
Access Gate
Nearby Bus Service
Nearby Minibus Taxi Service
Water Included

EXCELLENT MULTI UNIT COMMERCIAL PROPERTY - 42 UNITS PLUS 10 x ROOMS !

HIGH YIELD BLOCK OF FLATS !

EXPANSIVE 3 STOREY BUILDING !

PRIME CORNER STAND !

IMPRESSIVE RETURN ON INVESTMENT !

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  • This 3 Storey Building Offering:

  • 42 x Flats with Bathroom and kitchenets
  • Mixed type - Bachelors and One Bedroom Units


  • 10X Rooms - Rooms only on Ground floor.
  • Current alterations by owner turning ground floor into 3 Shops ( 1 Large shop and 2 Smaller type shops)
  • Good demand in this area for retail shops hence the alterations. Near completion.
  • Estimated future income +-R25k Shops.

  • Flats pay for Electricity and Water

  • Expenses - Rates and under recoveries on Municipal bill.
  • +- R25k pm

  • Income:
  • Rental Income Gross +- R125k pm (excl Rooms)

  • High demand is evident in the area ensuring low vacancy rates.

  • Call us today to check this out before its taken !!


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