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R 1 149 999

Commercial Property for Sale in North End

North End, Port Elizabeth

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413 m²
- m²: 413 m²
- Hectares: 0.041 ha
- Acres: 0.102 acres

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Wesley Sherman

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Investment Block with Vehicle Workshops and Residential Units

Discover this fully tenanted mixed-use property in Port Elizabeth, featuring a vehicle service workshop, a motor body and spray-painting business, and 8 residential units. Professionally managed with three units directly overseen by the owner, this property offers tenants a hassle-free experience, with each residential unit fitted with pre-paid electricity and water meters and geysers for added convenience.

Property Highlights:Gross Return:Over 33% per annumNet Return:Approximately 24% per annumRecent Upgrades:R42,000 invested in roof sealing and paintingInvestment Resources:Floor plans and rental schedules available on request

With a reliable monthly rental income of approximately R32,000 and a net income of around R23,000 after municipal and management fees, this property is an exceptional investment opportunity.

For more details or to arrange a viewing, contact us...

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Property Overview

Listing Number

115158516

Type of Property

Commercial Property

Listing Date

01 November 2024

Erf Size

413 m²

Points of Interest

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