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?? Introducing a Dynamic Newly Built Commercial Complex

R 13,500,000

1 year ago164 views
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General Details
Location:
Other, South Suburbs
Size (sqm):2840
Parking:Covered
Description
Nestled along the picturesque Marine Drive in Brighton Beach, this newly constructed commercial complex stands as a beacon of modernity and opportunity. Boasting a total of 11 Sectional Title Units and 2 shops, each with either balconies or patios offering breathtaking ocean views, this property represents the epitome of contemporary urban living and investment potential.

Residential Units Designed for Comfort and Style

The ten 2-bedroom units, spanning 62 square meters each, offer a harmonious blend of style and functionality. Featuring contemporary finishes throughout, including fully tiled open-plan lounges and kitchens equipped with fitted cupboards and plumbing for washing machines, these units ensure the utmost comfort for tenants. The bathrooms are thoughtfully designed with spacious showers, toilets, and basins, catering to the discerning needs of modern living. Currently, 6 of these units are tenanted, generating a rental income of R8000 per month.

Additionally, there is a luxurious 3-bedroom unit, also boasting high-quality finishes and two bathrooms, commanding a rental of R12000 per month, currently occupied.

Commercial Opportunities Galore

Beyond residential offerings, this complex houses a convenient grocery store accessible from the front, generating a steady rental income of R30,000 per month. Moreover, the expansive first floor presents a further income potential of R15000, suitable for a restaurant or gym, promising lucrative returns for savvy investors.

Environmentally Conscious Features

Embracing sustainability, the complex incorporates green features such as solar geysers fitted on the rooftop and six jojo tanks with 5250 liters of storage, ensuring efficient water usage. Furthermore, pre-paid electricity meters are installed in all units, promoting energy conservation and cost-effectiveness.

Secure and Convenient Lifestyle

Residents enjoy peace of mind with automated gates and open or undercover basement parking, with two parking spaces allocated to each unit. The secure environment ensures the safety of tenants and their belongings.

Prime Location with Easy Access

Strategically situated on Marine Drive, Brighton Beach, the complex offers unparalleled convenience with easy access to amenities, public transportation, and major thoroughfares, enhancing its appeal to both tenants and customers alike.

Professional Management for Peace of Mind

With professional management in place, investors can rest assured that their property is meticulously maintained and efficiently managed, minimizing hassles and maximizing returns.

Stable Income Streams

The diverse income streams from residential rentals and commercial spaces provide stability and resilience against market fluctuations, making this investment an attractive option for long-term growth and prosperity.

Seize the Opportunity


Rates And Taxes: 7600
Property Reference #: 4112871

Agent Details:
Tramaine Naidoo
Durban South
Chas Everitt
225 Kenyon Howden Road
Montclair
4004

Id Subtitle 1290229321
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Chas Everitt
Selling for 5+ years
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