- 17
- 20
- 979 m2
Monthly Costs
Monthly Bond Repayment ZAR .
Calculated over years at % with no deposit. Change Assumptions
Affordability Calculator | Bond Costs Calculator | Bond Repayment Calculator | Apply for a BondBond Calculator
Disclaimer: The estimates contained on this webpage are provided for general information purposes and should be used as a guide only. While every effort is made to ensure the accuracy of the calculator, RE/MAX of Southern Africa cannot be held liable for any loss or damage arising directly or indirectly from the use of this calculator, including any incorrect information generated by this calculator, and/or arising pursuant to your reliance on such information.
Mun. Rates & Taxes: ZAR 3850.00
Property description
This expansive commercial property, spanning 979 square meters, is strategically located in a bustling and sought-after area, boasting
three levels of versatile space.
At ground level, occupying 415 square meters, is a vibrant bar featuring both an open-plan area and an exclusive VIP section. This inviting
space sets the stage for lively social gatherings and entertainment.
Ascending to the first floor, you'll find a generous expanse of 363 square meters. This floor accommodates seven bachelor rooms, each complete with its own private toilet and shower facilities, along with a shared kitchen area. Ideal for tenants seeking convenience and privacy.
On the second floor, spanning 201 square meters, are ten additional bachelor rooms, mirroring the layout of the first floor with individual amenities and a communal kitchen space. This floor offers further accommodation options, catering to diverse tenant needs.
Currently utilized as a guest house, the property generates a monthly income of R40,000 from its 17 rooms. Additionally, the bar is leased
out for an additional R40,000 per month, contributing to the property's overall revenue stream.
There is further potential to maximize returns by leasing out the 17 rooms as bachelor flats, with each unit potentially fetching around
R3000 per month. This flexible approach allows for adaptation to market demands and tenant preferences.
With a current return on investment (ROI) of 24%, this property presents a compelling opportunity for investors seeking lucrative
ventures in the commercial real estate market.
To explore the full potential of this property and arrange a viewing, please don't hesitate to contact me. I look forward to showcasing the
myriad possibilities this property has to offer.
With Remax, you Relax
Property Details
- 17 Bedrooms
- 20 Bathrooms
Property Features
| Bedrooms | 17 |
| Bathrooms | 20 |
| Floor Area | 979 m2 |
