- 9
- 6
- 1 342 m2
Monthly Costs
Monthly Bond Repayment ZAR .
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Mun. Rates & Taxes: ZAR 2647.00
Property description
PRIME INVESTMENT OPPORTUNITY | FULLY TENANTED RESIDENTIAL AND RETAIL PROPERTY | DEVELOPMENT POTENTIAL FOR INCREASED REVENUE AND RETURN | SIX FLATS | THREE RETAIL STORES
Why to Buy?
- Impressive Monthly Revenue: R46,100 with full tenancy across residential and retail spaces
- Prime Location: Situated in a high-demand area with easy access to main routes, public transport, and local amenities
- Future Potential: Expand the property with approved plans to enhance rental income and overall property value
- Secure Parking: Adequate parking facilities with secure access for tenants and customers
- Well-Maintained: The property is in excellent condition, reducing immediate repair costs
- Good Return on Investment: A rare opportunity for high rental yields and capital growth in a growing market
Key Features
Residential Flats
6 x 1.5-Bedroom Flats:
- Spacious layouts featuring a lounge, bedroom, bathroom, and kitchen
- Each flat includes a private balcony for added appeal
- Clean, tidy, and well-maintained
- Fully tenanted, ensuring consistent income
Retail Stores
3 Retail Stores:
- Fully tenanted, providing reliable rental income
- Equipped with individual storage spaces and dedicated toilets
Additional Land & Approved Plans
- Substantial land space ready for development
- Approved plans for 8 additional flats and 4 new retail shops
- Plans need refreshing to commence the build
- Scope for significant rental income growth upon completion
Overview
This commercial property is an investor’s dream! Located in the thriving suburb of South Crest, Alberton, it combines consistent rental income, existing tenants, and excellent growth potential. With approved plans to develop additional flats and retail spaces, this property offers both immediate and long-term returns.
Investor Takeaway
This is a must-have investment property in South Crest, Alberton. Its combination of current rental returns, future development potential, and strategic location makes it a prime choice for savvy investors.
Don’t miss this opportunity to own a multi-purpose property with a proven track record and room for growth. Contact us today to arrange a viewing!
Property Details
- 9 Bedrooms
- 6 Bathrooms
Property Features
- Well Maintained Property with Good Rentals
- Stable Tenants
- Space to Develop Additional Building and Increase Return
- Retail Stores Fully Tenanted
- Flats Fully Tenanted
- Good Monthly Rental
- Managed Power and Water
| Bedrooms | 9 |
| Bathrooms | 6 |
| Erf Size | 1 342 m2 |
