R1,149,999
Investment Block with Vehicle Workshops and Residential Units
Discover this fully tenanted mixed-use property in Port Elizabeth, featuring a vehicle service workshop, a motor body and spray-painting business, and 8 residential units. Professionally managed with three units directly overseen by the owner, this property offers tenants a hassle-free experience, with each residential unit fitted with pre-paid electricity and water meters and geysers for added convenience.
Property Highlights:Gross Return:Over 33% per annumNet Return:Approximately 24% per annumRecent Upgrades:R42,000 invested in roof sealing and paintingInvestment Resources:Floor plans and rental schedules available on request
With a reliable monthly rental income of approximately R32,000 and a net income of around R23,000 after municipal and management fees, this property is an exceptional investment opportunity.
For more details or to arrange a viewing, contact us today!
Features
Exterior
Sizes
Extras
Near Highway • Near Shopping Mall • High Traffic • Near Public Transportation
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