R 2 000 000

Commercial Property for Sale in Maitland

Maitland, Cape Town

263 m²
- m²: 263 m²
- Hectares: 0.026 ha
- Acres: 0.065 acres

11% Net Return - Income Generating Building

Accepting Offers.

DESCRIPTION:

Recently renovated, this income generating property yields a solid 11% net return with secured leases in place! This site also holds the perfect zoning for your redevelopment aspirations with the ability to add bulk. Currently consisting of 3 dwellings on a total erf size of 263m².

Located in Coronation Road within walking distance of business hubs, educational schools and surrounded by plenty of retail shops and food outlets to choose from, as well as religious places of worship. Within close proximity to transport route (N1, Voortrekker Road, M5) for all public transport.

2 X Residential Flatlets:

• 1 Bedroom each

• En-suite Bathroom (shower, toilet, basin)

• Kitchen (BIC, single sink)

• Lock up & Go

• Aluminum windows

Retail Property:

• Lounge currently set up as superette store

• 2 Bedrooms

• 1 Bathroom (shower, toilet,...

Accepting Offers.

DESCRIPTION:

Recently renovated, this income generating property yields a solid 11% net return with secured leases in place! This site also holds the perfect zoning for your redevelopment aspirations with the ability to add bulk. Currently consisting of 3 dwellings on a total erf size of 263m².

Located in Coronation Road within walking distance of business hubs, educational schools and surrounded by plenty of retail shops and food outlets to choose from, as well as religious places of worship. Within close proximity to transport route (N1, Voortrekker Road, M5) for all public transport.

2 X Residential Flatlets:

• 1 Bedroom each

• En-suite Bathroom (shower, toilet, basin)

• Kitchen (BIC, single sink)

• Lock up & Go

• Aluminum windows

Retail Property:

• Lounge currently set up as superette store

• 2 Bedrooms

• 1 Bathroom (shower, toilet, basin)

Additional Features:

• Secured parking for up to 4 vehicles

• Building plans available on request

• High footfall and exposure area for commercial and advertising purposes

TOTAL GROSS RENTAL PER ANNUM: ±R240,000 (±R20,000 p.m)

Pre-Auction offers Welcome.

Contact Sachin for more info or OTP.

DETAILS:

• Erf No: 146647, Cape Town

• Erf Size: 263m²

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.

The Claremart Group is a leader in commercial and residential properties. We attract huge crowds to our auctions and consistently match and exceed the mandated price on properties sold under our hammer.

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Property Overview

Listing Number

112466455

Type of Property

Commercial Property

Listing Date

02 May 2024

Erf Size

263 m²

Rates and Taxes

R 1 500

Points of Interest

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