R 4 795 000 | business property for sale in plumstead

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 ground-floor & 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 52,000.00 Excellent investment opportunity for Property Investors, Property Developers or Business Owner/Occupiers. The zoning is General Business B1 and falls under the Heritage Act.

Available from 01 Sep 2024.