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R 4 795 000 | business property for sale in plumstead

Property Description

MIXED-USE COMMERCIAL BUILDING This exceptional commercial property offers an excellent investment opportunity in a prime location with high visibility and passing traffic. Situated on a high-traffic arterial road, ensuring consistent exposure and easy accessibility. Close to key amenities, transport links, and other retail outlets, adding to its attractiveness for businesses and tenants alike. The building zoning is General Business B1 and falls under the Heritage Act, and comprises of four (4) retail shops on the ground-floor & two 2-bedroom apartments on the first floor. The retail shops vary in size between 60sqm - 125sqm. Every shop has separate toilet facilities, storerooms/office & a reception area/showroom each with a prepaid electrical meter. The two residential apartments each offer 2-bedrooms, with built-in cupboards, one family bathroom, kitchenette plus a lounge/dining room. Each apartment has an additional large single-car garage, plus secure off-street parking for one car per unit. Potential of Gross monthly rental revenue of approximately R 52,000.00 Heritage Act Regulations: The building is regulated under the Heritage Act of South Africa, adding historical charm and offering potential tax benefits or incentives for renovations and upkeep. Why invest in this property? Dual income potential from the combination of retail and residential units. Prime location with strong visibility and high passing trade. Don’t miss out on this unique opportunity to own a piece of prime commercial real estate with excellent rental income potential and historical significance. This provides an excellent investment opportunity for Property Investors, Property Developers or Business Owner/Occupiers looking for a mixed-use property. For more information or to schedule a viewing, contact us today!

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Property Details

Purchase Price R 4 795 000

Building Size809 m2

Price Per SQMR 5927 m2

Type of PropertyBusiness

Last Updated06 Jan 2025

External Features

Covered Parking Bays2

Open Parking Bays6

General Features

Basement Parking0

Property Location

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