Accepting Offers.
DESCRIPTION:
This prime property offers a great mixed use investment is a great investment of fully tenanted 8 x 2 beds apartments and 10 Commercial retail units with 8 undercover parking bays at the rear of the building.
COMMERCIAL UNITS:
• 10 Fully let shops with leases in such as shop, hair salon, restaurant, car wash, pool place
APARTMENTS:
8 x Two bedroom apartments fully let with has 2 bathrooms, fitted kitchen and open plan lounge & dining area.
RENTAL INCOME
Gross monthly income of ±R245,000 or yearly of ±R2,940,000
Less expenses ±R25,000 – Prepaid electricity & water for tenants account
Net Income of ±R2.640 MIL
Net ROI of over 13.75%
DETAILS:
• Erf size: 1212m²
• Zoning: Local Business 2
DISCLAIMER:
The information supplied in this advert does not constitute a warranty of any kind or nature by the Sellers of the property or by the Brokers. Buyers must conduct their own investigations prior to purchasing.
Property Address
Crawford, Cape Town, Western Cape
