R2,290,000
Calling all Investors.
Prime Commercial Property for Sale: Unmissable Investment Opportunity
Attention investors! An exceptional commercial property is now available in a highly sought-after area, presenting a once-in-a-lifetime investment opportunity. This property currently generates a robust rental income of R32,110.00 per month, making it a lucrative addition to any investment portfolio.
The property features a diverse range of rental units, including a 1-bedroom flat, a 2-bedroom flat, and a 3-bedroom flat, catering to various tenant needs. Additionally, it boasts a spacious retail shop ideal for a large business, plus two other retail spaces suitable for small businesses or other commercial ventures. All rental units are occupied by tenants with existing lease agreements, ensuring immediate and continuous income. A dedicated caretaker is in charge of managing all tenant-related matters, providing a hassle-free experience for the new owner.
Located near schools and within easy access to the town and surrounding areas, this property offers unmatched convenience and potential for growth. The proximity to essential amenities ensures high tenant demand and long-term occupancy. Don’t miss out on this prime commercial property. Contact our agent for more detailed information and secure this outstanding investment today.
Rental income per month R33 269.00 P/M
Total water sewer and refuse plus minus R5400
R38 669.00 total.
Shop 1
Rental R8269 water ,sewer and refuse R900 p/m
Lease contract expiry date Nov 2025.
Shop 2
Rental R7500 water ,sewer and refuse R900 p/m
Unoccupied.
Shop 3
Rental R5200 water , sewer and refuse R900 pm
Lease agreement expire date June 2024.
Flat 1
Rental R3000 water, sewer and refuse R900 pm
Lease agreement date expire Dec 2025.
No escalation due to caretaker in position and looking after the leases.
Flat 2 Rental R4050 water ,sewer and refuse R900 pm.
Expiry date June 2024.
Flat 3
Rental R5250 water ,sewer and refuse R900 pm
Features
Exterior
Sizes
Extras
Near Shops • Open • Brick • Safe Location • City Center • Near Public Transportation • Near Railway station • Near Bus • High Traffic
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Disclaimer: While every effort will be made to ensure that the information contained within the EXP Realty website is accurate and up to date, EXP Realty makes no warranty, representation or undertaking whether expressed or implied, nor do we assume any legal liability, whether direct or indirect, or responsibility for the accuracy, completeness, or usefulness of any information. Prospective purchasers and tenants should make their own enquiries to verify the information contained herein.