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R 1 299 990

Commercial Property for Sale in Richmond Hill

Port Elizabeth, Richmond Hill

Floor Size 140 m²
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. Historically the shop was rented out for R10.000. 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
The expected ROi is approx 11.5%
A prime rare investment offering !!!
Listing Number
115148935
Type of Property
Commercial Property
List Date
30 October 2024
Floor Area
140 m²

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Kevin Slattery
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EXP South Africa

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Kevin Slattery
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