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R 3 790 000

Commercial Property for Sale in South Crest

14 Pieterse Street, South Crest, Alberton

1 342 m²
- m²: 1 342 m²
- Hectares: 0.134 ha
- Acres: 0.332 acres

Contact Broker

John de Melo

Show Contact Number

PRIME INVESTMENT OPPORTUNITY | FULLY TENANTED RESIDENTIAL AND RETAIL PROPERTY | DEVELOPMENT POTENTIAL FOR INCREASED REVENUE AND RETURN | SIX FLATS | THREE RETAIL STORES

Why to Buy?

- Impressive Monthly Revenue: R46,100 with full tenancy across residential and retail spaces

- Prime Location: Situated in a high-demand area with easy access to main routes, public transport, and local amenities

- Future Potential: Expand the property with approved plans to enhance rental income and overall property value

- Secure Parking: Adequate parking facilities with secure access for tenants and customers

- Well-Maintained: The property is in excellent condition, reducing immediate repair costs

- Good Return on Investment: A rare opportunity for high rental yields and capital growth in a growing market

Key Features

Residential Flats

6 x 1.5-Bedroom Flats:

- Spacious layouts...

PRIME INVESTMENT OPPORTUNITY | FULLY TENANTED RESIDENTIAL AND RETAIL PROPERTY | DEVELOPMENT POTENTIAL FOR INCREASED REVENUE AND RETURN | SIX FLATS | THREE RETAIL STORES

Why to Buy?

- Impressive Monthly Revenue: R46,100 with full tenancy across residential and retail spaces

- Prime Location: Situated in a high-demand area with easy access to main routes, public transport, and local amenities

- Future Potential: Expand the property with approved plans to enhance rental income and overall property value

- Secure Parking: Adequate parking facilities with secure access for tenants and customers

- Well-Maintained: The property is in excellent condition, reducing immediate repair costs

- Good Return on Investment: A rare opportunity for high rental yields and capital growth in a growing market

Key Features

Residential Flats

6 x 1.5-Bedroom Flats:

- Spacious layouts featuring a lounge, bedroom, bathroom, and kitchen

- Each flat includes a private balcony for added appeal

- Clean, tidy, and well-maintained

- Fully tenanted, ensuring consistent income

Retail Stores

3 Retail Stores:

- Fully tenanted, providing reliable rental income

- Equipped with individual storage spaces and dedicated toilets

Additional Land andamp; Approved Plans

- Substantial land space ready for development

- Approved plans for 8 additional flats and 4 new retail shops

- Plans need refreshing to commence the build

- Scope for significant rental income growth upon completion

Overview

This commercial property is an investor’s dream! Located in the thriving suburb of South Crest, Alberton, it combines consistent rental income, existing tenants, and excellent growth potential. With approved plans to develop additional flats and retail spaces, this property offers both immediate and long-term returns.

Investor Takeaway

This is a must-have investment property in South Crest, Alberton. Its combination of current rental returns, future development potential, and strategic location makes it a prime choice for savvy investors.

Don’t miss this opportunity to own a multi-purpose property with a proven track record and room for growth. Contact us today to arrange a viewing!

Listing number: P24-115238627, Image number: 1

Listing number: P24-115238627, Image number: 2

Listing number: P24-115238627, Image number: 3

Listing number: P24-115238627, Image number: 4

Listing number: P24-115238627, Image number: 5

Listing number: P24-115238627, Image number: 6

Listing number: P24-115238627, Image number: 7

Listing number: P24-115238627, Image number: 8

Listing number: P24-115238627, Image number: 9

Property Overview

Listing Number

115238627

Type of Property

Commercial Property

Street Address

14 Pieterse Street, South Crest

Lifestyle

Metropolitan, Suburban

Listing Date

19 November 2024

Erf Size

1 342 m²

Rates and Taxes

R 2 647

Pets Allowed

Facilities

Bedrooms

Bedroom 1

Bedroom 2

Bedroom 3

Bedroom 4

Bedroom 5

Bedroom 6

Bedroom 7

Bedroom 8

Bedroom 9

Bathrooms

Kitchens

External Features

Parking

Outside Areas

Building

Building Name

Bico Heights

Building Grading

B Grade

Multi Tenanted

Yes

Standalone Building

Yes

Number of floors

Other Features

Security

Electric Gate, Perimeter Wall

Special Features

Special Features 1

Well Maintained Property with Good Rentals

Special Features 2

Stable Tenants

Special Features 3

Space to Develop Additional Building and Increase Return

Special Features 4

Retail Stores Fully Tenanted

Special Features 5

Flats Fully Tenanted

Special Features 6

Good Monthly Rental

Special Features 7

Managed Power and Water

Nearby Public Transport

Bus, Minibus Taxi

Internet Access

Fibre

Points of Interest

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