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Income-generating, commercially zoned 20-unit complex in a high-demand rental area — community-minded design with end balconies, borehole water supply, 13 tenanted units and three shops; ROI above 10%.
This very well planned commercial property will grow as the income is generated and the ROI is above the normal 10% currently and has much more potential when completed.
With 20 units in total and 2 entrances. Balconies on both ends and built with a sense of community in mind. Each unit is allocated 2 parking bays and very well sized rooms. 1 and a half bathrooms on the 3-bedroom units. Neatly finished and dual entrances on the bottom floors and one side of the 2nd floor (The entrances for the kitchen on the second floor for the 7 unfinished units need to be completed)
13 units fully occupied and 3 shops.
Total monthly income is R60 270.00/month
The remaining unfinished 7 units should boost the income to R100 000.00/month
This is a real earner for passive regular income in an area with a very high demand for rentals.
The zoning is commercial.
The ROI works out to R7 232 000.00 currently.
Added feature is a borehole system for water so the water is at no cost to the residence.
This is excellent investment.
Listed for sale at R6,000,000
Lenasia South is a developing residential area offering a mix of housing options and a growing community, appealing to families and individuals seeking a suburban lifestyle with convenient access to amenities.
* Distances and amenities are approximate.
