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BUILDING WITH FOUR FLATS AND EIGHT RETAIL SHOPS| REVENUE GENERATING PROPERTY | GREAT INVESTMENT OPPORTUNITY | WELL MANAGED AND MAINTAINED
Welcome to Noordberg, an exceptional commercial property situated in the heart of Alberton North, Gauteng. This well-maintained and managed building offers a lucrative investment opportunity with a blend of commercial and residential space
Why to Buy?
- Mixed-Use Property: Noordberg features 4 shops and 8 flats, including 4 x one bedrooms, 2 x two-bedroom units and 2 x 3 bedrooms, catering to a diverse range of tenants and businesses
- Prime Location: Centrally located in Alberton North, this property provides convenient access to shopping centers, the local police station, convenience stores, major highways, and taxi services. This strategic positioning ensures high visibility and accessibility for both residents and businesses
- Secure Entrance: The building boasts a secure entrance, prioritizing the safety and well-being of occupants and businesses operating within the premises
- Parking Facilities: With parking space for 8 vehicles, Noordberg ensures convenience for both tenants and customers
- Fire Safety: Fire Safety has been recently upgraded in the building
- Flexible Leases: All leases are month-to-month, providing flexibility for the landlord and accommodating the dynamic needs of tenants. Currently, the property maintains a strong 85% occupancy rate
Financial Overview:
- Monthly Revenue: R 50,354
- Fixed Costs: R 7,223 per month
- Annual Maintenance Costs: R 23,500
- Rates and Taxes: Up-to-date
- Cap Rate: The property boasts a solid Cap Rate ranging between 10% and 12%, aligning perfectly with market expectations
Benefits ff Investing in Noordberg:
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