700 m² Commercial space in The Hill
R 1 649 000
INVESTMENT OPPORTUNITY ON BUSY ROAD | DOUBLE STOREY BUILDING WITH FLATS AND SHOPS | A MUST SEE
This commercial building on a corner stand on a busy road in The Hill is priced to go! The area of The Hill is close to JHB City, various schools and churches and major transport routes. This property represents an great opportunity to get into the commercial investment property league
This property enjoys six retail shops on the ground floor (including a corner retail shop paying R9 000 per month on its own) with a total potential rental income of R19 000 plus, plus three flats (two with two bedrooms and one bachelor) with a potential rental income of R11 000 plus another studio | caretakers room on the ground floor representing an initial potential rental income of R30 000 or thereabouts. That''s a 200% return on investment - not even a print shop can print this kind of money!
The building is currently let with some tenants, but it needs a new owner with a new vision and a younger spirit to take it to its former glory! Are you that new owner?
Give us a call today - lets view, lets negotiate and lets do a deal! All fair offers will be considered!
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