R1,250,000
Mixed used property for sale in North End
8 ROBERTSON STREET | NORTH END | INVESTMENT PROPERTY FOR SALE
This property, conveniently located in North End near the main road and Pier14, offers a diverse range of opportunities. Comprising a vehicle service workshop, a motor vehicle spray-paint body business, and eight residential accommodation units, all currently occupied, it presents a multifaceted investment prospect. Detailed floor plans and rental schedules are available upon request for interested investors to review, providing comprehensive insights into the property's layout and income potential.
Each of the eight residential units and both workshops are equipped with individual pre-paid electricity meters, geysers, and pre-paid water meters, offering tenants autonomy and convenience in managing their utilities. The property generates an approximate gross monthly rental income of R 32,000, with a net income of approximately R24,000 per month. Ongoing maintenance, including re-rubberizing the entire roof and minor painting, is currently underway and slated for completion by mid-March, ensuring the property remains in excellent condition and poised for continued profitability.
Features
Zoning:
Mixed Use
Exterior
Security
No
Sizes
Floor Size
413m²
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