249 m² Commercial space in Point

Presenting a fantastic investment opportunity in the sought-after Durban Point precinct. This mixed-use property is now available for sale at R 6,000,000. This property offers a diverse income stream with a well-established commercial component and significant residential potential. The ground floor features a former restaurant with a dedicated dining area and a functioning laundromat, currently generating a combined monthly income of R 17,500.

Above the commercial space, the property comprises 13 residential units. Currently, 8 of these units are occupied, each generating a monthly rental income of R 4,500.

Current Yield:

Based on the current occupancy, the total annual rental income is calculated as follows (but excludes costs):

Residential Income (8 units x ZAR 4,500/unit x 12 months) = ZAR 432,000

Commercial Income (ZAR 17,500/month x 12 months) = ZAR 210,000

Total Current Annual Income = ZAR 642,000

Current Yield = (Total Current Annual Income / Asking Price) x 100%

Current Yield = (ZAR 642,000 / ZAR 6,000,000) x 100% = 10.7%

Potential Yield (If All Units Were Occupied):

If all 13 residential units were occupied, the potential annual rental income would be:

Residential Income (13 units x ZAR 4,500/unit x 12 months) = ZAR 702,000

Commercial Income (ZAR 17,500/month x 12 months) = ZAR 210,000

Total Potential Annual Income = ZAR 912,000

Potential Yield = (Total Potential Annual Income / Asking Price) x 100%

Potential Yield = (ZAR 912,000 / ZAR 6,000,000) x 100% = 15.2%

This property presents an excellent opportunity for investors seeking a property with immediate income generation and significant potential for increased returns through full occupancy of the residential units. The strategic location in the vibrant Durban Point area further enhances its appeal. Don''t miss out on this lucrative investment!