300 m² Commercial space in Northcroft

Investment Opportunity Multi-Unit Building

An exceptional investment opportunity in the heart of Lenham, Phoenix. This well-maintained Muti Unit building is positioned on a busy street , offering excellent visibility and consistent rental demand.

The property comprises 9 business units, with a strong mix of established tenants, including an anchor medical practice Doctor''s Surgery. There is also 1 overnight accommodation room and 2 storage rooms, providing additional income potential.

Property Features

9 Units

Anchor Tenant Doctor''s Surgery

Busy main road location

Neat and well-maintained building

Prepaid electricity meters installed for each tenant

Tenants purchase electricity vouchers directly from the landlord

2,050L JoJo tank with pump servicing the entire building

Fenced property

Secure driveway gates

1 Overnight accommodation room

2 Storage rooms

Excellent investment with further rental growth potential

Current Rental Breakdown

Unit 1 R6,000

Units 2 & 3 R10,000

Unit 4 Vacant

Unit 5 R5,500

Unit 6 Vacant

Unit 7 Vacant

Unit 8 R14,300

Unit 9 R1,500

Current Monthly Rental Income: R37,300

Projected Monthly Rental Income Fully Let: Approximately R50,300

This is an ideal opportunity for investors seeking immediate rental income with the added benefit of increasing returns by leasing the currently vacant units. Its strategic location, established tenant base, and strong income potential make this a valuable addition to any investment portfolio.