Commercial Property in Richmond Estate For Sale
Description
An outstanding opportunity to acquire a high-performing, fully tenanted investment property offering an impressive 10% return on investment (ROI). With reliable tenants in place and existing lease agreements across all units, this is a turnkey investment that provides immediate, stable rental income from day one.
The property comprises 7 commercial spaces and 13 residential flatlets, consisting of:
- 7 two-bedroom apartments
- 6 one-bedroom apartments
All units are fully occupied, ensuring consistent cash flow and minimal vacancy risk.
Set across 7 consolidated erven with a combined land size of approximately 2,400 m², the property offers significant scale and long-term value, with potential for future enhancement or expansion, subject to the necessary approvals.
The sale is VAT applicable; however, the property may also be purchased as a going concern, allowing the transaction to qualify for zero-rated VAT, subject to SARS requirements and all relevant conditions being met.
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