Property description

Calling all investors! This well-located property in the heart of Fordsburg is an excellent opportunity for rental income. The building features 4 retail shops on the ground level and 7 rental rooms, making it a versatile investment.

Property Features:

Retail Shops: 4 fully tenanted shops, ensuring steady income.
Residential Units: 7 rooms rented out per room basis.
Two Levels: 3 rooms downstairs & 4 rooms upstairs.
Shared Facilities:

• 2 Kitchens (one on each level).
• 2 Full Bathrooms (one on each level).
  Prime Location: Close to masjids, schools, and essential amenities.

The building requires some TLC, providing the opportunity to increase rental value with minor upgrades.

Perfect for investors looking for high rental demand and excellent location advantages!

Rental Breakdown:

Retail Shops:

• Grocery Shop: R14,530
• Onion & Chicken Shop: R4,350
• Laundry Shop: R7,500
• Vegetables Shop: R5,500

Residential Rental Income:

• Upstairs (4 rooms): R10,500
• Downstairs (3 rooms): R7,150

Total Rental Income: R49,530 per month

Expenses:

• Rates: R1,027.32
• Sewer (ex VAT): R612.58
• Water & Utilities: ±R1,500
• Refuse: R492.20
• Prepaid Electricity: each unit has it's own prepaid meter.

Net Rental Income: R45,897.90 per month 

Contact Mehreen today to arrange an exclusive viewing!