This commercial property is going for an absolute give-away!
This mixed-use Block consists of a Vehicle Service workshop, and a motor vehicle spray paint body shop business.
There are 8 very basic Residential Accommodation units, all 8 unit's as well as the 2 workshops are Tenanted.
Four of the Units are currently managed by Trafalgar and the remaining 6 Units are managed by the owner.
ach unit is equipped with its own Pre-paid Electricity Meter, Geyser, and Pre-paid Water Meter. The current monthly Rental Income is R 33 500.00 p/m with a nett profit of R20 000pm. If converted to a student accomodation, the income can easily double. This project needs someone with vision & needs TLC. Very close to bus & taxi routes, a stone throw away from Piere14.
Call now to arrange viewing.
