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EXCELLENT MIXED USE BUILDING ! EXCELLENT SPREAD OF ROOMS - DOUBLE AND SINGLE ROOMS ! HUGE ROOMS IN FANTASTIC CONDITION ! BUILDING RECENTLY UPGRADED PLUS A BRAND NEW ROOF ! PRIME LOCATION WITH HIGH TENANT DEMAND ! FULLY TENANTED YIELDING FANTASTIC RETURNS ! / This Excellent Investment is up for Sale, Offering: Ground Floor: Entrance and Foyer - 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 R2800 - R34k 11 x Double Rooms at R3500 - R4100 - R31k Retail Shops (conservative rates) at R6500 - R12k Total Current Income - R73 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/KLitre 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 !
Purchase Price R 3 995 000
Building Size1380 m2
Price Per SQMR 2894 m2
Type of PropertyBusiness
Land Size500 m2
Last Updated09 Apr 2024
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