Property description

BUILDING WITH FOUR FLATS AND EIGHT RETAIL SHOPS| REVENUE GENERATING PROPERTY | GREAT INVESTMENT OPPORTUNITY | WELL MANAGED AND MAINTAINED

Welcome to Noordberg, an exceptional commercial property situated in the heart of Alberton North, Gauteng. This well-maintained and managed building offers a lucrative investment opportunity with a blend of commercial and residential space

Why to Buy?

- Mixed-Use Property: Noordberg features 4 shops and 8 flats, including 4 x one bedrooms, 2 x two-bedroom units and 2 x 3 bedrooms, catering to a diverse range of tenants and businesses
- Prime Location: Centrally located in Alberton North, this property provides convenient access to shopping centers, the local police station, convenience stores, major highways, and taxi services. This strategic positioning ensures high visibility and accessibility for both residents and businesses
- Secure Entrance: The building boasts a secure entrance, prioritizing the safety and well-being of occupants and businesses operating within the premises
- Parking Facilities: With parking space for 8 vehicles, Noordberg ensures convenience for both tenants and customers
- Fire Safety: Fire Safety has been recently upgraded in the building
- Flexible Leases: All leases are month-to-month, providing flexibility for the landlord and accommodating the dynamic needs of tenants. Currently, the property maintains a strong 85% occupancy rate

Financial Overview:

- Monthly Revenue: R 50,354
- Fixed Costs: R 7,223 per month
- Annual Maintenance Costs: R 23,500
- Rates and Taxes: Up-to-date
- Cap Rate: The property boasts a solid Cap Rate ranging between 10% and 12%, aligning perfectly with market expectations

Benefits ff Investing in Noordberg:

- Stable Monthly Income: With an impressive monthly revenue and strong occupancy rates, Noordberg provides a reliable and steady income stream for investors
- Low Risk: The well-maintained property, up-to-date rates and taxes, and strategic location minimize risks associated with property investment
- Diverse Tenant Base: The combination of commercial shops and residential flats attracts a diverse tenant base, reducing reliance on any single sector
- Investor-Friendly Terms: Flexible month-to-month leases offer investors the freedom to adapt to changing market conditions and capitalize on emerging opportunities

Area Details:

Alberton North in Gauteng is a thriving suburb known for its vibrant community, excellent amenities, and accessibility. The area is in proximity to shopping centers, schools, healthcare facilities, and major transportation routes, making it an attractive destination for residents and businesses alike.

Don't miss out on this prime investment opportunity at Noordberg. Contact us today to schedule a viewing and take the first step towards securing a lucrative and stable investment in Alberton North.

Call today for your private viewing. This one wont last long on the market...