Commercial space in Kensington

Investment!!!! Investment!!!! Investment!!!

Prime mixed-use commercial and residential investment opportunity in the heart of Kensington, set on a generous 1,488m² stand plus an additional leased servitude lane of approximately 200m². This secure income-generating property is fully equipped with 7 surveillance cameras, two remote-controlled access gates, two large security gates, and a large steel manual runner gate separating the commercial parking area from the residential section. The property offers 3-phase electricity, with all premises fitted with prepaid electricity meters, as well as a JoJo tank backup water supply for added convenience. The commercial component consists of three shops: Shop 1 is newly renovated with double electric ceiling fencing and generates R10,500 per month including water approx. 40m² Shop 2 is divided into two sections, each with its own aluminium glass front entrance, rear exits with security gate, toilet, geyser, prepaid meter, armed response radio, and currently earns R15,000 per month Shop 3 currently generates R8,500 per month at a discounted rental, with market rental estimated at R10,000 per month. The residential section comprises 7 self-contained apartments with rental incomes ranging from R4,500 to R6,600 per month. Each unit features its own kitchen and bathroom, with some offering open-plan lounge areas. All apartment entrances are fitted with security gates and aluminium windows. Covered parking is provided for tenants, with 5 covered bays plus Apartment 5 enjoying its own tandem parking for two vehicles. A rare, high-yield investment with strong existing income streams and excellent security in a sought-after location.

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