An excellent opportunity for investors looking to acquire a fully tenanted mixed-use property in the well-established and sought-after area of Crawford.
Offering a diverse combination of retail and residential income, this property is designed to provide strong rental income from multiple tenants, creating a well-rounded investment portfolio within a single asset.
The property comprises 8 fully tenanted retail shops and 11 fully tenanted two-bedroom apartments, with a net monthly income of approximately R161,000 after monthly property expenses.
With Local Business 2 zoning, 3-phase electricity and excellent exposure from the main road, the property also offers outstanding visibility and signage potential for the commercial tenants.
The building has been well maintained, with notable improvements completed towards the end of last year, including a freshly painted exterior and new roofs installed over all balconies.
Property Features
- Local Business 2 zoning
- 3-phase electricity
- Excellent main road exposure
- Strong signage and branding potential
- 8 fully tenanted retail shops
- 11 fully tenanted 2-bedroom apartments
- Approx. R161,000 net monthly income
- Approx. R1,932,000 net annual income
- Recently repainted building
- New roofs installed over balconies
- Well-maintained property
- Established Crawford location
- Diversified residential and commercial tenant mix
- Investment Opportunity
With all retail and residential units currently tenanted, this property offers an established income stream from day one, together with the benefit of a diversified tenant profile.
A solid opportunity for an investor seeking a substantial income-generating property with both commercial and residential components in a well-positioned Crawford location.
Contact Cindy and Zulpha at Theron Property Group to arrange a viewing and discuss this investment opportunity.
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