Investment Opportunity: Multi-Unit Property with Fixed Rental Contracts
Discover an exceptional investment opportunity with this multi-unit property designed for both residential and commercial rentals. This property offers a substantial monthly income of R40,850, making it an attractive option for savvy investors seeking steady returns.
Residential Units:
- Flat No. 1: This cozy unit features one bedroom, a kitchen, a bathroom, and a sitting room, generating a monthly income of R3,000.00.
- Flat No. 2: Offering two bedrooms, a sitting room, a bathroom, and a kitchen, this spacious flat brings in R3,500.00 per month.
Both flats share a large balcony, which is equipped with secure burglar-proofing. This space presents an excellent opportunity for conversion into two bachelor flats, potentially increasing your rental income.
Commercial Space:
- Offices: Three well-maintained offices are currently rented out for a total of R16,700.00 per month.
- Shops: The property includes three business shops, each measuring 91 square meters. These shops generate a combined rental income of R16,650.00 per month.
While the property requires some minor repairs, these are not major and can easily be addressed. Situated away from the main area of town, this location offers an added advantage of increased safety and tranquility for tenants.
If you're in the market for a property that promises reliable income and potential for growth, this is an opportunity you don't want to miss. Contact us today to discuss further details and explore negotiation options.
