Commercial - Retail for Sale in Salt River

Description

Accepting Offers. DESCRIPTION: Calling Investors Or Developers - Renovators Dream Project. GB 5 Zoning – Offers fantastic opportunity with 2 adjacent blocks with massive bulk available. ALBERT ROAD BLOCK: • 9 Bedrooms • 6 Bathrooms • 4 Shops- Dry-walled and can be made into 1 • Shops for fruit/veg / fish, miscellaneous • Rental income for Albert Road Block - ±R40,400 pm or ±R484,800 per annum LONDON ROAD BLOCK: • 8 Single bedrooms • 4 Bathrooms • Shop • Nail/ hair salon • Upholstery shop • 2 x Bathrooms downstairs for the shops • Rental income for London Road Block - ±R54,400 pm or ±R648,800 per annum • Combined income ±R94,800 pm or ±R1,137,000 p/annum • Possible student accommodation conversion to maximize income. Make an offer today. DETAILS: • Erf no (Extent): 15436, Cape Town (221m²) • Erf no (Extent): 15437, Cape Town (221m²) • Zoning: General Business 5 DISCLAIMER: The information supplied in this advert does not constitute a warranty of any kind or nature by the Sellers of the property or by the Brokers. Buyers must conduct their own investigations prior to purchasing.