Floor Area 780 m²
Land Area 1000 m²
Rates R 8600
Situated on a corner in Umbilo Road this mixed-use building has 390 sqm of retail space on the ground floor and 5 flats on the first floor.
The ground floor retail space is fully let with leases in place with between 8 and 28 months to expiry.
The flats are rented out as student accommodation at R 3000 per student with a total capacity of 15 students. Alternatively, the flats can be rented out as normal family units.
On a fully let basis at a purchase price of R 7.5m the net return amounts to just under 12 %.
Key Property Features
4
Open Parkings
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