713 m² Commercial space in King Williams Town

AUCTION ALERT King Williams Town

Victoria Street | Zoned Commercial

This versatile commercial property offers multiple income streams, strong existing returns, and excellent development potential:

18 x Bachelor Units each approx. 35m2

Current Income: R2,000 p/m each = R36,000 p/m

All units fitted with prepaid electricity meters

Communal Facilities Male & Female bathrooms with toilets & showers

Storage Facility

Income-Earning Church Building currently generating R7,000 p/m (with ablutions)

Erf Size: 3,300m2

Buildings Under Roof: 713m2

BONUS INVESTMENT

43 x Moveable Panel Homes (5m x 2.5m each | 526m2 under roof)

Rental Potential: R1,700 p/m each = R73,100 p/m

All units fitted with prepaid electricity meters

Development Upside

Plenty of vacant land available to add another 50 rooms, further boosting income potential.

Income Snapshot

18 Bachelor Units (Current) = R36,000

43 Panel Homes (Potential) = R73,100

Church = R7,000

Gross Income: R116,100 p/m

Less: Rates & Taxes = R12,000 p/m

Net Income: R104,100 p/m

On Auction ONLINE & ONSITE

Dont miss this rare income + development opportunity in the heart of King Williams Town!