1105sq.m. GLA on a total property size of 1030sq.m. across two erfs in Orange Grove consisting of: 9 x 2-bedroom flats and 6 shops.
Total potential income for residential units: R49 000.00
Total potential income for the retail units: R30 000.00
Total potential income: R79 000.00
Potential yield of 17% p.a. taking into account VAT and maintenance cost.
The property requires minor superficial renovation (paint and maintenance) and is ideally located across Louis Botha from Houghton Estate. It consists of a main building (6 shops and 4 residential units), one secondary building (4 residential units) and one outbuilding (1 residential unit)
