779 m² Commercial space in Randpark Ridge

Mixed Use Establishment

Prime Mixed-Use Business Opportunity Ideal for Investors or Business Owner-Occupiers

Summary of the Opportunity

Expected ROI: 17,46% per annum based on potential gross income at current price level.

A rare and versatile property positioned in the heart of the leafy suburbs of Randpark Ridge.

This opportunity offers a mix of Residential accommodation, Beauty, Health, Working office space, Storage facility, Cafe facilities on a secure erf with sufficient parking space.

With current rental return of R50,000/month currently, the property presents an additional +R30,000 strong passive income potential.

Property Overview

Zoning Classification: Residential (Business Use Imminent for Approval)

Erf Size: 3,064m2

Building Size (Under Roof): ~779 m2

Power Supply: 3-phase electrical

Access & Loading: Drive-in yard space

Parking Provision: 23 domestic vehicles truck-friendly access

Occupancy Status: Partial flexible for immediate owner-use or new leases

Market Positioning

The flexible layout of the property lends itself to an investor/operator hybrid, with demand in the area high for child friendly play facilities within a lush garden around the pool. Ample space for a coffee bar with available spacious fitted kitchen that leads to a seating dining space inside as well as outside around the pool.

Opportunity exists to convert the current Boathouse into additional accommodation rendering AIRBNB possibilities to scale returns.

Investment Considerations

Existing tenants: R50,000

- 3 Cottages

-Upmarket Hair dresser

-Upmarket Wellness and Beauty Parlour

-20m2 office

Existing Infrastructure revenue potential to scale an additional R30,000.00 minimum.

-150m2 Storage facility (30m2 mezzanine level and 120m2 floor area) @ R100.00/m2 = R10000 to R15000pm

-Fitted Coffee Bar with Kitchen (106m2 Coffee Bar area inside and 22m2 outside seating area @ R10100.00)

-Single and Double Garages that can be converted into 2 AIRBNB units. (27m2 Single Garage and 56m2 Garage @ R4500.00 and R6500.00 monthly)

EXTRAS:

Generator size: backup for power outages

Borehole is fitted with a 1.1 kW submersible pump and can deliver up to 4.8m3/h. No storage or pressure tank is fitted.

WI-FI Fibre ready

DSTV

SWIMMING POOL

ENTERTAINMENT AREA

QUALITY SECURITY SHUTTERS

TWO AUTOMATED GATES

ELECTRIC FENCE

CCTV CAMERAs

AMPLE PARKING SPACE

ESTABLISHED LOW MAINTANANCE LANDSCAPED GARDEN