R5,390,000
Commercial property for sale in Lenasia south
Great Investment opportunity, 20 Apartments with 3 retail shops
two separate double-storey buildings, each containing a total of 20 flats. Some of the flats are currently under renovation. The flats are designed as 16 units of 2-bedroom apartments and 4 units of 3-bedroom apartments. Each apartment features an open-plan living area and a kitchen.
1x full bathroom with shower,toilet and basin
Parking space.
Borehole water with filtration systems and water pumps
Additionally, the property includes three retail shops. There are also facilities like a caretaker room and storerooms on the premises. The potential for the property is significant, with the current fully complete flats generating a monthly income of R60,000.
Once all flats are fully rented out, including the completion and rental of the remaining 7 apartments and the leasing of the retail shops, the projected monthly income will potentially double to R120,000. This demonstrates significant upside potential for the property's revenue stream.
Features
Exterior
Sizes
Extras
Near Shops • Near Hospital • Near Schools • Staff Accommodation • Entrance Hall • Near Bus • Near Public Transportation • Near Medical Center • Security - System • Frequency location • Open fire • Balcony • Modern • Washing Facilities(in building) • Safe Location • On Busy Road • Near Park • Built In Appliances • En-suite Bathroom • Unfinished • Kitchen - Extra • Fireplace Room • Shower • Covered Parking • Near Shopping Mall • Built in Wardrobes • New Building
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