Commercial space in Lenasia South

Commercial Property for sale Lenasia South

Great Investment opportunity, 20 Apartments with 3 retail shops

two separate double-storey buildings, each containing a total of 20 flats. Some of the flats are currently under renovation. The flats are designed as 16 units of 2-bedroom apartments and 4 units of 3-bedroom apartments. Each apartment features an open-plan living area and a kitchen.

1x full bathroom with shower, toilet and basin

Parking space.

Borehole water with filtration systems and water pumps

Additionally, the property includes three retail shops. There are also facilities like a caretaker room and storerooms on the premises. The potential for the property is significant, with the current fully complete flats generating a monthly income of R60,000.

Once all flats are fully rented out, including the completion and rental of the remaining 7 apartments and the leasing of the retail shops, the projected monthly income will potentially double to R120,000. This demonstrates significant upside potential for the property''s reven