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11% Net Return - Income Generating Building
updated on Oct 29, 2024
R 2 000 000

WEB REF: 609265

 
  • Price R 2 000 000
  • LocationCape Town, Maitland
  • Property TypeCommercial - Retail
  • Erf Size263.0000 m2
  • Rates & Taxes R 1500.00
  • Monthly Levy R 0.00
Description

Accepting Offers. DESCRIPTION: Recently renovated, this income generating property yields a solid 11% net return with secured leases in place! This site also holds the perfect zoning for your redevelopment aspirations with the ability to add bulk. Currently consisting of 3 dwellings on a total erf size of 263m². Located in Coronation Road within walking distance of business hubs, educational schools and surrounded by plenty of retail shops and food outlets to choose from, as well as religious places of worship. Within close proximity to transport route (N1, Voortrekker Road, M5) for all public transport. 2 X Residential Flatlets: • 1 Bedroom each • En-suite Bathroom (shower, toilet, basin) • Kitchen (BIC, single sink) • Lock up & Go • Aluminum windows Retail Property: • Lounge currently set up as superette store • 2 Bedrooms • 1 Bathroom (shower, toilet, basin) Additional Features: • Secured parking for up to 4 vehicles • Building plans available on request • High footfall and exposure area for commercial and advertising purposes TOTAL GROSS RENTAL PER ANNUM: ±R240,000 (±R20,000 p.m) Pre-Auction offers Welcome. Contact Sachin for more info or OTP. DETAILS: • Erf No: 146647, Cape Town • Erf Size: 263m² 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.

Additional Features
      Property Address

      Maitland, Cape Town, Western Cape

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