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Commercial Property in The Hill For Sale

R1 649 000

Bedroom icon 5 3 700m2 465m2
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Commercial Property in The Hill For Sale

51 Lebanon Street

Bedroom icon 5 3 700m2 465m2

Commercial Property in The Hill For Sale

51 Lebanon, Street

R1 649 000

Monthly Bond Payment: R

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3 Bedroom icon 5 465m2

Features

  • Has Storage
  • Includes Three Flats for Rent
  • Great Location
  • Includes Six Retail Shops for Rent
  • Monthly Rental Income of Plus R30 000 Possible
  • Zoned Commercial - Great Value

Description

INVESTMENT OPPORTUNITY ON BUSY ROAD | DOUBLE STOREY BUILDING WITH FLATS AND SHOPS | A MUST SEE

This commercial building on a corner stand on a busy road in The Hill is priced to go! The area of The Hill is close to JHB City, various schools and churches and major transport routes. This property represents an great opportunity to get into the commercial investment property league…

This property enjoys six retail shops on the ground floor (including a corner retail shop paying R9 000 per month on its own) with a total potential rental income of R19 000 plus, plus three flats (two with two bedrooms and one bachelor) with a potential rental income of R11 000 plus another studio | caretakers room on the ground floor representing an initial potential rental income of R30 000 or thereabouts. That's a 200% return on investment - not even a print shop can print this kind of money!

The building is currently let with some tenants, but it needs a new owner with a new vision and a younger spirit to take it to its former glory! Are you that new owner?

Give us a call today - lets view, lets negotiate and let’s do a deal! All fair offers will be considered!

Monthly Costs

Calculated over 20 years at % with no deposit.

Bond Payments R

Property Details

Web Ref RXCR-13838
Property Type Commercial Property
Building Size 700m2
Erf Size 465m2
Bedrooms 5
Bathrooms 3

Map

Contact Agent

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John de Melo

Team Leader

RE/MAX All Stars (Alberton)

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Agent profile picture

Nadia Pretorius

Sales Associate

RE/MAX All Stars (Alberton)

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Show number

Show number

Book a viewing
MessageCall backWhatsapp

Book a viewing

Enquiry about property Ref:RXCR-13838

R1 649 000

Monthly Bond Payment: R

currency bond calculator
  • ZAR
  • BWP
  • EUR
  • GBP
  • NAD
  • NZD
  • AUD
  • USD
  • ZWL
  • ZMW
  • MUR

Contact Agent

Agent profile picture

John de Melo

Team Leader

RE/MAX All Stars (Alberton)

Agent profile picture

Nadia Pretorius

Sales Associate

RE/MAX All Stars (Alberton)

MessageCall me back Whatsapp
Book a viewing

Contact John de Melo

Agent profile picture

John de Melo

Team Leader


RE/MAX All Stars (Alberton)

Show number

Show number

Enquiry about property Ref:RXCR-13838