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Investment Opportunity

R 1,950,000

Can I afford this?
10 months ago546 views
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General Details
For Sale By:Agency
Description
Investment Opportunity: Versatile Property on Busy Main Road

Prime Property Presents this unique property that offers a fantastic opportunity for investors seeking both residential and commercial potential. Located on a busy main road, the property is registered as Special Residential, allowing the buyer the flexibility to use it as a home or a business premises. Zoned as Special Residential 400.

Key Features:

Prime Location: Situated on a high-traffic main road, offering excellent visibility for business and easy access for customers.
Fully Functional Spaces:
An auto electrical spares shop currently in operation, providing immediate rental income potential or a ready-made space for your own business venture.
A three-bedroom residential space, perfect for owners or as a rental unit.
A fully equipped beauty spa, ideal for ongoing business or as an additional source of income.
A garage, offering ample storage or additional business potential.
This property is perfect for anyone looking to live and work in one location or for those interested in maximizing rental income by utilizing both residential and commercial spaces.

Whether you’re looking to establish your own business in a thriving location or secure a property with diverse income streams, this is an opportunity not to be missed!

Contact me today to schedule a viewing and explore the full potential of this versatile property!

Property Reference #: RPP1031774

Agent Details:
Leeann Parthab
Prime Property
Shop 5
7 on Millennium Boulevard
Umhlanga Ridge
4321

Id Subtitle 1309672374
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No. of years
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Estimated monthly repaymentR 19,797
Total property loan amountR 1,950,000
Total interestR 2,801,272
Total repaymentR 4,751,272
Interest rate at 10.75% for 20 years *
* The interest rate is by default set to the prime lending rate. Banking institutions may choose to lend to individuals at a rate above or below this prime rate.
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Prime Property
Selling for 1 year
Total Ads976
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