1,200m² Investment For Sale in Berea
R1,999,000
Web Ref
CL200
Emmigration Sale - Income Producing
Subject property comprises of a double corner stand. The house is currently two storeys & well maintained with prepaid electricity meters throughout.
There are 16 tenanted units, 14 of which are residential and 2 shops. There is a massive Gross Income of R60 000.00 & a NETT INCOME of R48 000.00.
All the residential units are self-contained with bathroom & kitchen facilities except the single units share between them. The units are extremely spacious for the area & the rentals are very competitive, providing long standing tenants. The exterior of the property consists of a Spaza & Television repair shop as well as 2 of the single & 2 en-suite units. The interior of the house consists of the remaining 10 units. There is additional upside to easily bulk the area behind the house.
There are 16 tenanted units, 14 of which are residential and 2 shops. There is a massive Gross Income of R60 000.00 & a NETT INCOME of R48 000.00.
All the residential units are self-contained with bathroom & kitchen facilities except the single units share between them. The units are extremely spacious for the area & the rentals are very competitive, providing long standing tenants. The exterior of the property consists of a Spaza & Television repair shop as well as 2 of the single & 2 en-suite units. The interior of the house consists of the remaining 10 units. There is additional upside to easily bulk the area behind the house.
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Features
Zoning
Mixed Use
Exterior
Security
No
Sizes
Floor Size
1,200m²
Land Size
864m²
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