900 m² Commercial space in Richmond Hill

990 m² 900 m²

CALLING ALL INVESTORS:

THE PROPERTY CONSISTS OF THE FOLLOWING:

Fully tenanted - next to the Provincial Hospital

9 apartments consisting of 6 x 3 beds, 2 x 2 bed and a bachelor apartment.

All units are well maintained with prepaid electricity meters & prepaid water meters

The building has been fitted with aluminium windows. The building has been recently painted.

Remote gate access to garaging and off street parking.

The building is zoned RES 3 and not sectional title units.

Monthly Rental Income: R48 000

Monthly Expenses: R18 487

Monthly Net Income: R29 513

Yearly Net Income: R354 161

ROI: 9%

R3 949 500.00 (NEGOTIABLE)

Property details