Prime retail Investment retail shop and flat for sale in popular Westbourne road, offering high exposure:
The flat is currently occupied with a 7 year long standing tennant.The current rental is R6034. Separate entrance etc.The rates account is R2403 and there is also a special SRA levy of R258 per month.That SRA levy helps with extra cleaning and 24 hr security in the Richmond hill area. The downstairs retail shop currently has a lounge bar with existing liquor lic. The expected and historical rental achieved for this space, has been R10.000 pm.The kitchen and ablution areas have been recently upgraded, and the floor areas covered in high grade tilies. pre paid meters and water and sewage is charged separately
The ROi is approx 11.5%
A prime rare investment offering !!!
