R 2 800 000 | retail property for sale in east lynne

Calling on all investors in search of a great income generating asset with business rights. Zoned for commercial, retail and business purposes. This is an extremely well placed retail complex in the East Lynne commercial hub with a current monthly rental income of R30 000. Added bonuses are that permission has been granted for rooftop flats to be erected above the existing structure and the fact that the neighboring property is also on the market. There is thus great potential for immediate expansion right up to Stormvoel Road which is the main arterial route. The complex consists of 4 individual shops, 2 act as retail spaces and the other 2 as small factories/workshops. Each unit has a current rental contract, is equipped with a pre-paid electrical meter and has an own bathroom. The complex has 3-phase electrical power. A large parking area with 9 parking bays and further open parking space, directly in front of the complex, provides for easy access to all the businesses. The building plans are available. This complex is close to the N1 and other main routes. Contact me for an appointment to view the premises before someone else is the first to sign an offer.