Mixed-use property - prices to sell!
This is a rare opportunity to acquire a high-potential, mixed-use investment property in a sought-after CBD location.
Ideal for investors looking to add value and maximize rental income.
Property Features:
• 2 Large Shops (±125 sqm)
• Equipped with roller shutters
• Separate entrances
• Office & kitchenette components
• One shop currently vacant – great for immediate occupation or new tenant
• Estimated Rental Income: R7000 per shop
• 2 x 2-Bedroom Flatlets (±115 sqm each)
• Spacious lounge, kitchen, and bathroom
• Currently being upgraded by the owner
• Estimated Rental Income: R6500 each
•
Outbuildings
• 2 units at rear of property - Which can rented out for R1500 each
• Includes additional external toilets
• Zoning: Commercial
• Erf Size: 495 sqm
• Rates: Approx. R2,200/month
• Communal Backyard Garden Area
Income Potential:
• Estimated Gross Monthly Income: ±R30 000
• Gross Yield: 22%
Why Invest?
• High-traffic CBD location
• Mixed-use flexibility: retail & residential
• Ongoing upgrades to residential units
• Immediate rental income from existing tenants
• Scope to add value and increase rental returns
Don’t miss this investment gem – contact us today for a viewing!
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