Photos 11

1640 m² Commercial space in Potchefstroom Central

R 7 500 000

26 Beds

9 Baths

Can I afford this?

Floor Area 1640 m² Land Area 1640 m² Rates R 9488

FOR THE INVESTOR - Retail, Storage and Residential Income Generating Property with Healthy Monthly Net Income.

This Income Generating Property has both Business and Residential Zoning Rights.

The property is in a very busy part of the CBD with easy access via the street and ample street parking.

There are several Retail Shops that are rented out and which currently generate R54,400 Gross Monthly Rental Income.

There are several Storage Stores that currently generate R12,000 Gross Monthly Rental Income.

To top it off there are 26 Residential Units currently generating a healthy R52,800 Gross Monthly Rental Income.

Once all municipal, operating, upgrading and other expenses are deducted this Income Generating Property provides a healthy Net Monthly Rental Income of more than R77,000.

Please Note: The Seller is a Registered VAT Vendor therefore, VAT is applicable on the sale of this property. The VAT amount is not reflected in the marketed and advertised Sales Price. However, the property can be sold as a going concern with Rental Contracts in place, and application can be made for a Zero-Rated VAT Transaction.