MIXED-USE COMMERCIAL BUILDING This commercial building is located on a busy arterial road, with ample exposure to passing trade & traffic. The building comprises of 4 retail shops on the groundfloor & two 2-bedroom apartments on the first floor. The retail shops vary in size between 60sqm - 125sqm. Each shop has separate toilet facilities, storerooms/office & a reception area or showroom and prepaid electrical meters. The two residential apartments each offer 2-bedrooms, with built-in cupboards, one family bathroom, kitchenette plus a lounge/dining room. Each apartment has a large single-car garage, plus secure off-street parking for one car per unit. There is a palisade gate providing access to the apartments, and each retail store has an electrical pre-paid meter. All of the sections are currently tenanted, with signed lease agreements in place securing gross monthly rental revenue of approximately R 51,000.00 Excellent investment opportunity for Property Investors, Property Developers or Owner/Occupiers. The zoning is General Business B1.
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Purchase Price R 4 995 000
Building Size809 m2
Price Per SQMR 6174 m2
Type of PropertyBusiness
Last Updated08 May 2024
Covered Parking Bays2
Open Parking Bays6
Basement Parking0
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