A newly built complex which comprises of three levels awaits an enthusiastic investor. You will find this newly constructed commercial complex situated along the golden mile of marine drive. It''s modern and unique features creates a beacon of light.
Boasting 11 Sectional Title units and 2 shops, some units comprising of either a balcony or a patio offering breath taking ocean views. This property represents contemporary urban living as well as an investment opportunity.
The ten 2 bedroom units, spanning 62 m2 each offers a luxurious and harmonious style of comfort. Featuring contemporary finishes throughout which includes fully tiled open-plan lounges, kitchens equipped with fitted cupboards, bedrooms equipped with fitted cupboards, bathrooms designed with spacious showers, toilets and basins. These units are designed for comfort and relaxation. Six of these units are currently tenanted, generating a rental income of R8000 per month per unit. In addition to this there is a 3 bedroom, 2 bathroom unit, boasting top of the art finishes and generating a rental income of R12 000 per month.
This complex houses a convenient grocery store which services the tenants and the surrounding community, generating a rental income of R30 000 per month. There is an opportunity of generating a further income of R15 000 per month on the first floor which has an expansive area for a gym, restaurant or a kindergarten for the little one''s.
The complex has solar geysers fitted on the rooftop which embraces sustainability. In addition to this there are six jojo tanks in the basement holding 5250 litres of storage ensuring sufficient water usage. Prepaid electricity meters are installed in each unit creating a controlled and cost effective environment.
The units are accessed by an automated gate which creates a safe and secure environment for the tenants, undercover basement parking, where 2 parking spaces are allocated per unit. The complex is close to all amenities with public transport easy accessible.
The various income streams from residential rental and commercial rental provides stability to investors against market fluctuations. This is an investment opportunity never to be missed. Call today for an exclusive viewing. Hurry and don''t delay and miss out on this investment opportunity!!!
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