COMMERCIAL & RESIDENTIAL: Brilliant Buy-Rare Investment Opportunity

R 5,395,000

4 months ago107 views
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General Details
For Sale By:Agency
Size (sqm):110
Parking:Covered
Description
Apartments, Retail Shops and Office\Warehousing\Manufacturing Space

Own The Entire Block

Situated in proximity, just off the main road of Mountbatten Drive surrounded by retail businesses, a Rare Opportunity to purchase The Entire Complex is up FOR SALE.

Comprising of:-

Basement-
1. Warehouse - 250 sqm with shutter doors and alarm.
2. Warehouse â?? 100 sqm with shutter doors and alarm
(both warehouse space can be reconverted into one approx. 350 sqm unit).

Ground Level_
Shop 1. 120sqm (rented out at R5000), potential to increase yield
Shop 2.35 sqm (rented out at R2000), potential to increase yield.
Office \ Manufacturing space - 400 sqm â?? Vacant (potential rental between R10K â?? R20K per month)

First Floor
6 x 2 bed 2 bathrooms flats.
Size ranges between 88-110sq.m. and most are en-suite. Fully let at R 6,500.00 pm.
Roof Level. Opportunity to develop additional flats.

Prepaid meter installed in All Flats and Shops.
Close Proximity to public transport and convenience of all amenities nearby.
Negotiated to SELL at R 5, 395, 000.00 (potential of 15-20% return on investment)






Property Reference #: ACMO-1014

Agent Details:
Asad Sheik
Acutts
376 Peter Mokaba Ridge,
Overport,
Durban

Id Subtitle 987516144
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Acutts
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