R 9 500 000
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House in Lenasia

71 garrick avenue
1 866 m² 497 m²

Prime Multi-Use Property with High Revenue Potential !!

This Property Offers A Unique Investment Opportunity, Boasting A Diversified Mix Of Tenants Across Multiple Floors, With Existing Income Streams And Significant Potential For Increased Revenue.

GROUND FLOOR OVERVIEW:

Fully Occupied With A Variety Of Businesses, Each Contributing To A Steady Monthly Income. Key Tenants Include A Hardware Store, Takeaway Shop, Signage Shop, Cell Shop, Hair Salon, And An Eating Place. These Businesses Cater To A Wide Range Of Customers, Ensuring A Consistent Flow Of Income. The Presence Of An Upstairs Office, Associated With The Hardware Store, Adds Further Value To The Ground Floor Revenue.

FIRST FLOOR:

The First Floor Is Currently Home To Three Established Businesses: A Psychology Practice, A Beauty Inn, And A Computer Services Company. These Tenants Provide A Solid Foundation For Monthly Income

SECOND FLOOR:

Currently Underutilized, With A Vacant Top Unit Available For Lease. This Unit Offers An Additional Income Stream.

FINANCIAL OVERVIEW

The Property Is Already Generating A Substantial Annual Income,

With Monthly Earnings From The Existing Tenants. The Current Expenses Are Well-Managed, Allowing For A Healthy Net Annual Income , Positioning This Property As A Highly Profitable Investment.

Invest In This High-Yield Property And Unlock Its Full Income Potential!

Property details

  • Listing number T4773765
  • Property type House
  • Erf size 866 m²
  • Floor size 497 m²
  • Rates and taxes R 5

Property features

  • Bedrooms 0
  • Bathrooms 1

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