R 3 999 950 | business property for sale in mindalore

Exceptional high-yield mixed-use investment opportunity in Mindalore/Witpoortjie, offering strong, diversified income and long-term stability. This well-maintained property comprises: * 16 studio apartments, each with an en-suite bathroom and kitchenette * 8 ground-floor retail units with established tenants * On-site caretaker responsible for maintenance and rent collection The building is structured for efficient, low-maintenance operation, with a reliable tenant base and consistent rental demand. INCOME BREAKDOWN Residential Income: R39,500 per month Retail Income: R37,800 per month Electricity Recovery: R16,000 per month Gross Monthly Income: R93,300 Net Monthly Income: ±R52,500 Net Annual Income: ±R630,000 INVESTMENT HIGHLIGHTS * 15.8% net yield at the asking price * 24 income-generating units providing diversified income * Strong mix of residential and retail tenants * High-volume borehole with filtration system * Well-maintained structure with key upgrades completed * On-site caretaker ensuring smooth day-to-day operations WHY THIS PROPERTY STANDS OUT The combination of residential and retail income creates a balanced and resilient investment. Utility recoveries enhance overall returns, while the number of units reduces vacancy risk. This is a proven income-generating asset suited to investors focused on strong monthly cash flow and long-term stability. High-yield opportunities at this level are limited. Contact us for a full financial breakdown or to arrange a viewing.