Mixed Use for sale
Invest in a vibrant live-work precinct in a high-demand neighbourhood, featuring 22 income-producing apartments and 14 long-established ground-floor retail shops — reliable monthly income and growth potential.
Introducing an exceptional investment opportunity ideal for the discerning investor aiming to enhance their portfolio. This immaculate property, strategically positioned in a high-demand area, offers a harmonious blend of residential and commercial spaces, ensuring steady and diverse streams of income.
The property boasts 22 well-appointed apartments, ranging from spacious 2-bedroom units to cozy 1.5-bedroom and 1-bedroom flats. These apartments are highly sought-after, promising minimal vacancy periods and consistent rental income. Each unit is designed to provide comfort and convenience, making them attractive to a wide range of tenants.
Complementing the residential units are 14 retail shops located on the ground floor. These shops have a proven track record of success, with the majority of tenants having established their businesses here for over five years. This stability not only underscores the desirability of the location but also ensures reliable rental income from long-term commercial tenants.
Currently, the property generates an impressive income of over R200,000 per month, with significant potential for further growth under new ownership. This presents an incredible opportunity for investors to maximize returns and expand their investment horizon.
For a personal viewing and to receive the full prospectus detailing this property, please contact us. Don’t miss out on this rare chance to secure a high-yielding asset in a thriving market.
Listed for sale at R15,000,000
New Redruth is a centrally located, established residential suburb in Alberton that offers a convenient lifestyle with easy access to major highways, reputable schools, and comprehensive local amenities.
