Extent: ± 2 065 m² | 5 x Retail Shops | 2 x 3 Bedroom Units | 3 x 2 Bedroom Units | Mostly Tenanted | Gross Annual Income: ± R526 K | Potential for a further ± R168 K per annum
This property comprises of a double storey mixed use building as well as a single storey residential dwelling at the rear. The property enjoys vehicular access from Maharaj Street and pedestrian access directly off Gopallal Hurbans Road.
The ground floor of the main building comprises the retail segment of the property which consists of 3 street facing shops and 2 shops situated within the alley. Each shop comprises open retail areas with ablution facilities. There is also a double garage located at the rear of the building as well as an undercover storage area along side the building.
The first floor of the main building accommodates the residential segment of the property and comprises of 3 X 2-bedroom flats and 1 x 3-bedroom flat. Each flat is made up of a dining room, kitchen and 1 general bathroom.
The residential dwelling at the rear comprises of 3 bedrooms, 1 Bathroom a dining / lounge area and kitchen.
Further improvements to the property include a carport with parking for 2 vehicles, fully paved driveway and yard areas with part brick and part concrete palisade fencing on 3 boundaries.
The property is mostly tenanted and presently generates a gross annual income of ± R 526 800.00. A further potential income of ± R 168 000.00 per annum could be generated from the vacant shop and the 3-bedroom flat which is currently owner occupied.
The property also offers further development potential with approximately 790 m² of vacant yard area at the rear.
