R3,390,000
Two Prime Investment Properties For Sale
196 Commercial Road
Retail shops for sale that consists of 2 double story units, currently used as 1 shop. But can be split into 2 shops, and or 4 units.
Each area has its own DB board.3 phase power available to site, but must be connected.
Outdoor advertising potential exists due to the high visibility.
Rear parking and stair access to all units a rear.
Potential to also convert to flats.
Good security including an alarm system.
Potential income: R22000 to R25000 per month.
Total Gla: 797 sqm
Downstairs: approx. 415 sqm
Upstairs: approx.382 sqm
Rates and taxes: approx. R4000 per month.
194 Commercial Road
Consisting of 4 flats. Current income R11.400.00. Fed by solar geyser.
The two ground floor retail shops have a potential combined income of R8000.
Total potential income R19400.
Rates water elect approx.. R6000.
Nett projected income thus R13.400.00
Nett projected annual income R160.800.00
Great visibility and signage potential. Off street parking for two cars.
The property could also be converted to student res.
Features
Exterior
Get Email Alerts
Sign-up and receive Property Email Alerts of Buildings for sale in Sidwell, Port Elizabeth.
Disclaimer: While every effort will be made to ensure that the information contained within the eXp South Africa website is accurate and up to date, eXp South Africa 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.
