Commercial space in Newton Park

Commercial opportunity ideally listed in the suburban area of Newton Park with ample office space that is divided up into 3 commercial dwellings, a three bedroom home and a two bedroom flatlet. With a total rental income of R51 299 plus VAT when all units are occupied!

Situated in the bustling street of King Edward, between 5th and 6th avenue is close to all amenities such as The Bridge Shopping Centre, William Moffett, good schools etc. Within close proximity to taxi/bus routes and is easily accessible to Cape Road and the N2 via Burt Drive.

Additional information:

Total erf: 1673sqm

Rental income

Office space 1: R16 000 plus VAT

Office space 2: R9 510.12 plus VAT

Office space 3: R9 000 plus VAT

Three bedroom house: R8 000 NO VAT

Two bedroom flatlet: R4 800 NO VAT

LISTING PRICE - R4 200 000 plus VAT.

Provides ample of yard space and is very well positioned with excellent visibility. 15 secure parking bays with 4-off-street parkings 3 electric motors running.

Total expenses including rates, water and sewage amounts to R7 353.29

Contact me today to arrange a viewing!