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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 THREE FLATS AND SIX SHOPS

Why to Buy?

• Great value building with great opportunity to expand rentals and growth opportunity
• Six shops on busy road – potential rental plus R17 500 per month
• Three flats – awesome size and value – potential rental R12 000 plus per month
• Total rental potential over R30 000 per month

This commercial building on a busy corner stand 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 a great opportunity to get into the commercial investment property league…

This property enjoys six retail shops on the ground floor with a potential rental income of R17 500 plus, plus three flats (two with two bedrooms and one bachelor) with a potential rental income of R12 000 representing an initial rental income of R29 500 or thereabouts. This represents close to a 100% return on investment….

The building is currently semi let with tenants but it needs a new owner with a new vision and a younger spirit to take it to its former glory and potential rental income of plus R30 000! Are you that new owner?

Give us a call today - lets view, lets negotiate and let’s do a deal! All reasonable 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
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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