- 5.5
- 6
- 490 m2
- 495 m2
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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 4312.76
Property description
Introducing a rare and lucrative investment opportunity on Jules Street - a prestigious 3-story building that epitomizes prime real estate in a sought-after location. This exceptional property boasts a diverse range of income-generating spaces, making it a versatile and profitable asset for savvy investors.
At the heart of this building lies a bustling restaurant on the ground floor, providing a steady stream of income and attracting patrons with its inviting ambiance and delectable offerings. Adjacent to the restaurant is a herbal shop, adding to the vibrancy and commercial appeal of the property.
Ascending to the first floor, you'll find a serene church with a separate entrance, offering a tranquil space for worship and community gatherings.
This unique feature adds a touch of character and diversity to the building, catering to a wide range of potential tenants or occupants.
The second floor of the building is home to three spacious flats, each designed for comfortable and modern living. Two of the flats feature 2 bedrooms, a lounge, kitchen, bathroom, separate toilet, and a generous balcony, providing residents with ample space and natural light.
The third flat offers 1 and a half bedrooms, a lounge, kitchen, bathroom, and separate toilet, catering to varying lifestyle needs.
A shared open courtyard enhances the communal living experience, offering a space for residents to engage in daily activities such as laundry or simply soak up the sun in a tranquil setting.
Prior to the COVID-19 pandemic, this property yielded an impressive 18.8% return on investment ( ROI), showcasing its potential for substantial financial gains. Situated on the border of Malvern East and in close proximity to Bedford View, this building enjoys a strategic location that enhances its desirability and market value.
Don't miss out on this exclusive opportunity to own a high-performing investment property with a diverse income stream and significant growth potential. Contact us today to schedule a private viewing and discover the endless possibilities that await you with this exceptional property on Jules Street. Elevate your investment portfolio and secure your financial future with this prime real estate gem.
Property Details
- 5.5 Bedrooms
- 6 Bathrooms
Property Features
Bedrooms | 5.5 |
Bathrooms | 6 |
Floor Area | 490 m2 |
Erf Size | 495 m2 |