This property is suited for someone with entrepreneurial flair and vision - and it makes financial sense as well. With existing rental income per month, and potential for more, this is an opportunity not to be missed.
1. Ground floor of retail space with store rooms of about 360 m2 currently rented out.
2. Residential unit of 3 bedrooms with kitchen, lounge and bathroom currently rented out.
3. About 230 m2 first floor space which can easily be converted into office space with a potential rental income of R 10 000 per month.
4. Room with en-suite bathroom adjacent to single garage and carport which can be converted into a flatlet with rental income of R 3500 per month.
5. Old workshop/storeroom (about 84 m2) which can be rented out as storage space, or converted into a flatlet.
The stand comprises in total of 2714 m2. Open piece of land on stand is suited to erect flatlets or similar accommodation unites with yet more rental income.
Owner is busy doing some maintenance work, and building does need a little TLC, but it remains a solid investment opportunity.
Existing lease is on a month to month basis.
NO VAT is payable.