Property that generates a passive income

The owners of this well-located property are asking R7,500,000.00 and are negotiable. Prior to Covid-19 the owner was getting a passive rental income of around R107,370.00 a month. Like all businesses Covid has affected the rental is currently R72,400.00 per month but there are a number of new stall/factory leases being negotiated. It must be borne in mind that the seller reduced the rental of the tenants so as to assist them during the pandemic period. This property has the potential to easily generate a passive income of around R117,300.00 per month.

Just off the M5 (Beyer’s Naude Drive) and close to the N14 highway, this property measuring 4.3 hectares has over 2,000 sq. metres under roof. The passive income is generated by a number of small businesses ranging from a number of shops/boutiques, micro brewer specialising in craft beer, a number of well know factories and many flea-market stores and don’t forget the go-cart track.