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Property Overview: This investment opportunity in Polokwane presents a fully leased property with a monthly income of R 52,000, excluding office space. Zoned for residential use, this property boasts the potential for 20 to 30-year bank bonds, making it an attractive proposition for long-term investors.
Development Features:
Residential Units: The property comprises 6 two-bedroom, one-bathroom units, each spanning 55 m², as well as 3 larger two-bedroom, one-bathroom units, measuring 72 m² each. Additionally, there is a one-bedroom, one-bathroom unit covering 47 m².
Office Space: A 64 m²office unit is included, complete with a reception area, office space, and bathroom facilities. It also has a private street entrance, providing convenience for potential tenants.
Caretaker's Quarters: This property includes a one-bedroom, one-bathroom caretaker's unit, as well as four maintenance storerooms, ensuring the efficient upkeep of the premises.
Total Building Space: The total building space on the property amounts to 675 m², offering ample room for both residential and commercial purposes.
Parking: There are 20 parking bays available, providing secure parking for tenants and visitors.
Utilities: The property features pre-paid electricity and water, simplifying billing and management for both tenants and property owners.
Quality Construction: Owner-built and meticulously maintained, this property features low-maintenance face brick construction, reducing long-term maintenance costs.
Prime Location: Situated near the Central Business District (CBD), schools, hospitals, and on the main road to the north, this property offers a highly desirable location for tenants and businesses alike.
Don't miss out on this exceptional investment opportunity in Polokwane, offering a steady income stream, development potential, and a convenient location. Contact us today to learn more about this property.
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No one sells more property than us, so make the smart choice now. Pre-qualified or cash buyers will be given preference. If this property does not suit your needs or taste, please give me a call so that we can discuss and find your dream home or next investment. Please also click on the logo to your right to see all properties available by us.
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