R 1 750 000 | retail property for sale in regents park

Property Description

Situated on the Corner of August Rd & James Street, Regents Park. Easy access from North Rd and Diagonal Rd and nestled by a residential node. Currently tenanted by: - Liquor Shop - Supermarket - Church - Residential Tenant Currently Gross Income R33.735.97 p/m A transaction is feasible at a yield of 17% p/a The face-brick building is typically Cash 'n Carry style, with flat aluminium roofing. Box-shaped building, ideal for traders. A steady passive income and a solid tenant mix make this property attractive at the correct price level!


Property Details

Purchase Price R 1 750 000

Building Size480 m2

Price Per SQMR 3645 m2

Type of PropertyRetail

ZoningMixed Use

Land Size497 m2

Last Updated14 May 2024

Property Location

Similar Property in nearby suburbs

Agent

Michael Ilunga

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