R1,299,990
Prime investment retail shop and flat for sale in popular westbourne rd:
Prime retail Investment retail shop and flat for sale in popular Westbourne road, offering high exposure:
The flat is currently occupied with a 7 year long standing tennant.The current rental is R6034. Separate entrance etc.The rates account is R2403 and there is also a special SRA levy of R258 per month.That SRA levy helps with extra cleaning and 24 hr security in the Richmond hill area. The downstairs retail shop is currently vacant. The expected and historical rental achieved for this space, has been R10.000 pm.The kitchen and ablution areas have been recently upgraded, and the floor areas covered in high grade tilies. pre paid meters and water and sewage is charged separately. This property enjoys a high volume of foot traffic
The ROi is approx 11.5%
A prime rare investment offering !!!
Features
Exterior
Extras
Near Park • On Busy Road • Near Shopping Mall • Restaurant area • Near Schools • Near Hospital • Near Shops • Renovated • Near Medical Center
Get Email Alerts
Sign-up and receive Property Email Alerts of Retails for sale in Richmond Hill, Port Elizabeth.
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.