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LOWER RICHMOND HILL APARTMENTS AND COMMERCIAL SPACE FOR SALE
We are calling on all investors to consider this solid investment in the heart of Port Elizabeth. This newly renovated building offers 14 loft apartments and 3 retail shops for only R3 --- ---. This business currently generating a monthly income of R60 150 and an ROI of 18%.
All 14 x loft apartments are fully tenanted (lease and deposits in place) and managed by a well-known rental agency. Each residential unit has a prepaid water and electricity meter for recovering all utility costs from the tenants. Security is top-notch with state of the art fingerprint access to the building. The building is located within walking distance to the largest taxi rank in PE, close to shops and the city center.
There are also 3 retails shops giving the investor a nice diversity on the investments. The retail tenants have been renting for many years ( over 5 years) and are not going anywhere. See a list of the tenants below
Shop 1 TV shop repair 140sqm
Shop 2 Church 140sqm
Shop 3 Handbags 140sqm
Shop 4 Empty 40sqm
The property rates are R4031 p.m
Floor size: 1152sqm
Other business interest.
Mon to Fri: 08:00 - 17:00
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