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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 R4 --- ---. This business currently generating a monthly income of R60 150 and ROI of 13%.
All 14 x loft apartments are fully tenanted (lease and deposits in place) and managed bya well-known rental agency. Each residential unit has a prepaid water and electricity meter for recovering all utility cost from the tenants. Security is top notch with state of the art finger print access to the building. The building is located walking distance to the largest taxi rank in PE, close to shops and the city center.
There is 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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