MIX-8858
Location: Kimberley
Listing Views: 217
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Agent Information
COMMERCIAL & STUDENT ACCOMMODATION – KIMBERLEY, NC
±900m² Investment Income Building
The two-story building is situated in Kimberley, a corner stand, ±1066 m²in extent.
The property has excellent exposure and is situated right next to the N12, neighbouring the CBD of Kimberley.
It comprises of 4 commercial units on ground level and 8 residential bachelors flats on the first floor.
A drive-through facility has been established that is currently being leased as a drive-through liquor store.
The residential flats are secure with secured gate, with cell phone gate control.
Improvement Size: ±827m² – The average rental income from the residential units is ±R23914 per month and the development of further floors into a block of flats, will be very profitable for any potential investor, especially in view of the high demand for affordable rental units in the area.
Rental income for the commercial area amounts to ±R70,372 per month.
Total Investment Income: ±R94,287 per month.
Specifications
Type Of Property
mixed-use-property
Property Size
±900m²
Zoning
Commercial & Residential
Country
South Africa
Rates & Taxes
±R12,129.00
Levies
Sewerage: ± R723.05; Refuse: ±R876.27
Electricity
±R356.93 (All units have separate pre-paid meters)
Water
Water: ±R 2,271.42 p/m (Each Shop has its own water meter, & the tenants of the flats are billed pro-rata.)
R5,500,000.00
- Movedit Verified Listing
FAQ
Buying options may vary between listings, as each seller chooses the options they prefer to offer.
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