Commercial property investment in Retreat
Commercial Investment Property for Sale in Retreat:
Take your first step to an incredible opportunity at acquiring a unique mixed-use investment property in the busy Retreat Main Road
This commercial property spans 1012 sqm across two erven. Featuring 6 ground floor retail shops, a first-floor office area and three residential units’ apartments
Unit No: Size in sqm: Rental ex VAT:
Shop 1 70m2 R5 750-00
Shop 2 60m2 R6 000-00
Shop 3 45m2 R5 880-60
Shop 4 60m2 R6 000-00
Shop 5 120m2 R9 565-22
Shop 6 200m2 R8 000-00
Flat 1 35m2 R4 200-00
Flat 2 60m2 R6 000-00
Flat 3 60m2 R5 850-00
Total Monthly Rental: R56 745-82
Building Description: Located on a bustling main road, this property offers excellent visibility and high foot traffic.
The building has recently been upgraded with new security gates for all shops, enhancing its appeal for both tenants and customers.
The building consists of 2 floors, with office area (200sqm) located on the first floor.
Residential units located at the back of the property, with a long driveway which accommodates parking for 4-5 vehicles
Investment Potential:
All units are fitted with municipal prepaid Electricity meters and residential units are fitted with prepaid Water meters.
VAT applicable to sale
Price: R6 000 000 ex VAT