- 5
- 3
- 700 m2
- 465 m2
Monthly Costs
Monthly Bond Repayment ZAR .
Calculated over years at % with no deposit. Change Assumptions
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Disclaimer: The estimates contained on this webpage are provided for general information purposes and should be used as a guide only. While every effort is made to ensure the accuracy of the calculator, RE/MAX of Southern Africa cannot be held liable for any loss or damage arising directly or indirectly from the use of this calculator, including any incorrect information generated by this calculator, and/or arising pursuant to your reliance on such information.
Mun. Rates & Taxes: ZAR 0.00
Monthly Levy: ZAR 0.00
Property description
INVESTMENT OPPORTUNITY ON BUSY ROAD | DOUBLE STOREY BUILDING WITH FLATS AND SHOPS | A MUST SEE
This commercial building on a corner stand on a busy road in The Hill is priced to go! The area of The Hill is close to JHB City, various schools and churches and major transport routes. This property represents an great opportunity to get into the commercial investment property league…
This property enjoys six retail shops on the ground floor (including a corner retail shop paying R9 000 per month on its own) with a total potential rental income of R19 000 plus, plus three flats (two with two bedrooms and one bachelor) with a potential rental income of R11 000 plus another studio | caretakers room on the ground floor representing an initial potential rental income of R30 000 or thereabouts. That's a 200% return on investment - not even a print shop can print this kind of money!
The building is currently let with some tenants, but it needs a new owner with a new vision and a younger spirit to take it to its former glory! Are you that new owner?
Give us a call today - lets view, lets negotiate and let’s do a deal! All fair offers will be considered!
E & OE
Property Details
- 5 Bedrooms
- 3 Bathrooms
Property Features
- Storage
- Includes Three Flats for Rent
- Great Location
- Includes Six Retail Shops for Rent
- Monthly Rental Income of Plus R30 000 Possible
- Zoned Commercial - Great Value
| Bedrooms | 5 |
| Bathrooms | 3 |
| Floor Area | 700 m2 |
| Erf Size | 465 m2 |
