R2,199,000
Great investment opportunity!!
Come put in your OFFER..!!! 4 flats and 2 shops or convert the shops back into 4 Flats.. & Storage facility !!!
Priced to Sell Fast .. !! Come put in your OFFER
A floor area panning approximately 850 square meters on a double erf of Approx. 1520 square meters.
The first floor features four spacious flats, each comprising two bedrooms, a living room, a kitchen, and a bathroom.
Each flat has a small private back garden, offering a cozy retreat.
Below the flats, you will find two extra large shops with expansive windows, ensuring excellent visibility for your business.
Both shops have a kitchen area, bathroom, and a small enclosed private back courtyard.
The property also includes six lock-up garages and two storerooms, one is extra large, providing ample storage space.
The rear courtyard offers secure parking for multiple vehicles, keeping them safe and protected.
Security is a priority, as the property is fully walled with a motor security gate in front, securing the back courtyard. Additional security gates and burglar bars are installed on all door openings and passageway entry points.
The location of this property is ideal, with excellent visibility from various directions. It is conveniently situated near major transport systems, including buses and taxis, freeways, retailers, wholesalers, shopping malls, hospitals, and police stations, and the famous Nelson Mandela Bay Sports Stadium is nearby, ensuring a safe and vibrant neighborhood.
This block can be restored to its original beauty with a little effort and passion. Consider transforming the garages into additional accommodation to generate even more income.
The current income generated is as follows.
The four 1st-floor flats are all tenanted @ R3,950/ monthly.
The ground floor has two 200m sq. shops, one is tenanted @ R6,500/month.
Garages and storage at the back also generate income.
The building's potential rentals will exceed R33 000+
The potential of this property is limitless, so don't hesitate to seize this fantastic opportunity in the heart of Sidwell!!
VAT is payable on the purchase price.
Call me today for a private viewing!
Every effort has been made to ensure the content of this advert is correct, however, no responsibility will be borne for any errors or omissions it may contain
Features
Zoning:
Commercial
Exterior
Security
Yes
Sizes
Floor Size
850m²
Land Size
1,520m²
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Disclaimer: While every effort will be made to ensure that the information contained within the Talana Foot Real Estate website is accurate and up to date, Talana Foot Real Estate makes no warranty, representation or undertaking whether expressed or implied, nor do we assume any legal liability, whether direct or indirect, or responsibility for the accuracy, completeness, or usefulness of any information. Prospective purchasers and tenants should make their own enquiries to verify the information contained herein.