895 m² Commercial space in Alberton

**CALLING ALL SERIOUS INVESTORS**

Great potential for extra income or even a paycheck at the end of every month. This established block of flats might be what you have been looking for and at a great price.

The block of flats consists of:

9 Units in total with approved plans for an extra 4 units

3 x 3 Spacious Bedrooms, 1 bathroom and Kitchen

3 x 2 Spacious Bedrooms, 1 bathroom and Kitchen

3 x 1 Spacious Bedroom, 1 bathroom and Kitchen

Approved plans are for the below:

2 x 1 bedroom, 1 bathroom and Kitchen

2 x 2 bedrooms, 1 bathroom and Kitchen

Each unit comes with an undercover parking. There is a total of 12 undercover parking bays and 3 visitors parking. The units, each have their own electricity meter box and there is space to add more if you decide to go ahead with the extra four units.

There are currently tenants in 8 of the units. Some of the tenants have been there for 11,8,4 and 3 years.

Current Rental Income at the moment:

3 Bedrooms - R4 695.00 plus electricity, rates and taxes

2 Bedrooms - R4 120.00 plus electricity, rates and taxes

1 Bedroom - R3 500.00 plus electricity, rates and taxes

(Please note that the rental charged currently is not in line with the going rental rate at the moment, it should be more-the seller has not increased the monthly rentals accordingly)

Low maintenance block of flats, solid old school building, which is still the best, in the popular suburb of Alberton North. Close to schools, hospitals, clinics, shops etc.

Please note: This is not a sectional title building. Financials are up to date and available on request.

!!AN OPPORTUNITY NOT TO BE MISSED, SO CALL TODAY, LETS VIEW AND DISCUSS!!