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R 5 500 000 | retail property for sale in strand

Property Description

Large (Multi-family/Dual Living) Partial Renovated Home on the Beach right in front of the Promonade at a beach going area. The property has two (2) Floors/Storeys. Entrances from Beach Road and from the rear street. The Ground floor contains Five (5) bedrooms with Four (4) Bedrooms that are en-suite. The Top floor contains Six (6) bedrooms with Main en-suite and another bathroom. The Top floor has a large kitchen, Lounge and Dining rooms. From the rear street is access with six (6) parking bays, three (3) under cover and three (3) open. The access is secured with a gate. Street parking is available on Beach Road. The property is zoned general residential 5 (GR5), which allows the possibility to convert into apartments. There is a party interested in leasing the building long term as a commercial property. GROSS YIELD = 18.5% Rates :R4300

Property Details

Purchase PriceR 5 500 000

Building Size1080 m2

Price Per SQMR 5092 m2

Type of PropertyRetail

Land Size580 m2

Last Updated11 Feb 2020

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