500m² Investment For Sale in Gandhinagar, CL34529

Détails

ON AUCTION - 11 JULY 2024 - MIXED USE INVESTMENT

ON AUCTION - 11 JULY 2024 - MIXED USE INVESTMENT

This double-storey mixed-use investment opportunity in Tongaat is currently under the ownership of World of Sports and presents a versatile and lucrative investment. The property includes both commercial and residential components, enhancing its appeal and income potential.

Ground Floor:

Retail Tenants: The ground floor hosts 4 retail tenants, ensuring steady rental income from multiple sources. Second Floor:

Large Retail Space: Occupied by World of Sports Betting, adding a significant commercial presence to the property. Residential Component: Bedrooms: 3 Kitchen: Fully equipped Lounge: Spacious and comfortable Dining Room: Separate area for dining Bathrooms: 2 This residential space offers the unique advantage of living quarters within the commercial property, making it ideal for an owner-occupier or additional rental income.

Additional Features:

Yard: A small yard at the back of the property provides extra storage or parking space, adding further utility and convenience.

The property has recently undergone renovations, imparting a fresh and modern ambiance that enhances its appeal to tenants and customers alike. This update ensures a contemporary and inviting atmosphere, which can attract higher quality tenants and increase rental value.

Financial Viability: The property is currently generating income from four retail tenants, with the residential component adding potential rental income or accommodation for the owner. This diversified income stream ensures financial stability and maximizes the investment potential of the property.

Conclusion: This exceptional commercial property in Tongaat, with its strategic location, mix of retail and residential spaces, and recent renovations, presents a prime investment opportunity. Whether you are an investor looking for a property with multiple income streams or an owner-occupier seeking a combined commercial and residential space, this property offers a unique and attractive proposition.