Excellent investment with a break-even rental income, situated in Sefako Makgatho Drive. Utilized as a car stand and a rental property.
R1 599 000
Excellent investment with a break-even rental income, situated in Sefako Makgatho Drive. Utilized as a car stand and a rental property.
The massive house of approximately 250sq is on a stand of 955 sq and are currently utilized as a secondhand car stand.
Approximately 20 cars can be fitted onto the stand, predominately in front and a few at the back.
The property and the house is split into two separated unities, each leased by a different tenant.
This property is dual purpose as the front part is utilized as a stand for selling cars and the house is rented out to two families, each on their own.
The rental income is R 17 000.00 and both contracts expires end of Junie 2017.
The new owner can keep the existing tenant or utilize this property either as a residential property or keep it as a secondhand car stand.
The property has entrances from the back, from Blyde Ave side and from the front, out of Sefako Makgatho Drive.
Contras to similar stands in the service road of Sefako Makgatho, this stand don’t have the challenge of rerouting out of Sefako Makghatho to get to the service road.
Come and view the property.
http://mobi.propertymenu.co.za/4-bedroom-house-for-sale-in-sinoville-105142913/Overview
Contact Schalk
082 860
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