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1,987m² Retail For Sale in Florida
R 4,800,000
Can I afford this?
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2 months ago101 views
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General Details
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Description
A Combined Commercial and Residential Investment That Makes Perfect Business Sense!
This property presents a unique opportunity to invest in both commercial and residential real estate on a single deed. By diversifying your investments across both, you'll be spreading the risk. The property is fully tenanted, with stable and reliable tenants who are responsible for upkeep and maintenance.
One of the highlights of this property is the 11 sectional titled spacious, fully tenanted one-bedroom flats. Additionally, there are five fully tenanted shops that are strategically located on Goldman street. This prime positioning has made them a popular choice among respectable tenants.
The building is well-maintained, with a caretaker who rents one of the flats and ensures that cleaning and maintenance are up to standard. At night, a night guard monitors CCTV security for the building and street. The property is situated in close proximity to the police station, which adds an extra layer of security.
Another attractive feature of the property is the extra square meterage space that includes undercover parking bays and carports. This is a rare find in Florida, and it's one of the reasons why tenants are drawn to the building. The parking bays can also be rented out to other apartment buildings where parking space is limited.
This property is an excellent investment that will help you build a great real estate portfolio for the future. It's currently being managed and maintained by experienced managing agents who have a strong history with the property.The previous owner lived off this good retirement investment for many decades.
Don't just take our word for it – come and see for yourself! Book a viewing today to discuss financials and see how this property can add value to your retirement portfolio.
Property Reference #: CL534
Agent Details:
Maria Conradie
Meridian Realty Pty Ltd
Office 12
The Woodmill Lifestyle Centre
Vredenburg Road
Devonvallei
Stellenbosch
7600
This property presents a unique opportunity to invest in both commercial and residential real estate on a single deed. By diversifying your investments across both, you'll be spreading the risk. The property is fully tenanted, with stable and reliable tenants who are responsible for upkeep and maintenance.
One of the highlights of this property is the 11 sectional titled spacious, fully tenanted one-bedroom flats. Additionally, there are five fully tenanted shops that are strategically located on Goldman street. This prime positioning has made them a popular choice among respectable tenants.
The building is well-maintained, with a caretaker who rents one of the flats and ensures that cleaning and maintenance are up to standard. At night, a night guard monitors CCTV security for the building and street. The property is situated in close proximity to the police station, which adds an extra layer of security.
Another attractive feature of the property is the extra square meterage space that includes undercover parking bays and carports. This is a rare find in Florida, and it's one of the reasons why tenants are drawn to the building. The parking bays can also be rented out to other apartment buildings where parking space is limited.
This property is an excellent investment that will help you build a great real estate portfolio for the future. It's currently being managed and maintained by experienced managing agents who have a strong history with the property.The previous owner lived off this good retirement investment for many decades.
Don't just take our word for it – come and see for yourself! Book a viewing today to discuss financials and see how this property can add value to your retirement portfolio.
Property Reference #: CL534
Agent Details:
Maria Conradie
Meridian Realty Pty Ltd
Office 12
The Woodmill Lifestyle Centre
Vredenburg Road
Devonvallei
Stellenbosch
7600
Id Subtitle 1262937144
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Estimated monthly repaymentR 52,018
Total property loan amountR 4,800,000
Total interestR 7,684,306
Total repaymentR 12,484,306
Interest rate at 11.75% 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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Meridian Realty Pty Ltd
Selling for 1 year
Total Ads1.07K
Active Ads1.07K
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