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R 5 400 000

Commercial Property for Sale in Silverton

  • Erf Size 2 591 m²
    • m²: 2 591 m²
    • Hectares: 0.259 ha
    • Acres: 0.64 acres
Sectional title block of flats - for sale

Sectional Title Units

* 6 x 2 Bedroom(98m2) @ R5 700 = R 34 000

* 2 x 3 Bedroom(119m2) @ R6 200 = R 12 400

* 16 x Lock-up garages (2 garages per unit)

* All units have solar geysers installed

* Borehole on property

* Walking distance to school

* Rental well below the current area level and can be increased by 25%

* Monthly Gross Income = R 46 400

Expenses

* Garden maintenance = R 2 400

* Municipal rates (3 Bedroom) = R 574

* Municipal rates (2 Bedroom) = R 447

* Water & Electricity (Total) = R12 983

* Total Monthly Expenses = R16 404

Sectional Title Units

* 6 x 2 Bedroom(98m2) @ R5 700 = R 34 000

* 2 x 3 Bedroom(119m2) @ R6 200 = R 12 400

* 16 x Lock-up garages (2 garages per unit)

* All units have solar geysers installed

* Borehole on property

* Walking distance to school

* Rental well below the current area level and can be increased by 25%

* Monthly Gross Income = R 46 400

Expenses

* Garden maintenance = R 2 400

* Municipal rates (3 Bedroom) = R 574

* Municipal rates (2 Bedroom) = R 447

* Water & Electricity (Total) = R12 983

* Total Monthly Expenses = R16 404

Listing number: P24-115629580, Image number: 1
Listing number: P24-115629580, Image number: 2
Listing number: P24-115629580, Image number: 3
Listing number: P24-115629580, Image number: 4
Listing number: P24-115629580, Image number: 5
Listing number: P24-115629580, Image number: 6
Property Overview
Listing Number
115629580
Type of Property
Commercial Property
Listing Date
24 February 2025
Availability Date
24 February 2025
Erf Size
2 591 m²
Building Name
Draai Maraai
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