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Description

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 reven

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Details

Updated on December 11, 2024 at 3:03 pm

  • Reference #: 1368232
  • Price: R5,080,000
  • Suburb / Town: Lenasia
  • Property Type: Commercial Property
  • Stand Size: 2500.0 ㎡

Additional Features

  • Mandate Price:total gross price
  • Measuring Unit:Metres Squared

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