R 8 350 000
| Commercial Property for Sale in Florida
Corner location mixed use investment property
Selling price shown excludes VAT (zero-rated). No transfer duty. This mixed-use property has a prime corner location on Goldman street. Comprising 5 shops (one of which is a very large showroom/retail space) on the ground floor plus 15 spacious two-bedroom apartments (approx. 160 m2 each) on floor 1, 2 and 3, each with a balcony. Low maintenance facebrick building with pre-paid electricity. Many of the tenants have occupied the building for several years. On site parking for 22 cars (enclosed yard space on the Plaza road side of the property). Total building area of around 2,600 m. Zoned “Business 1” allowing shops, offices and residential use.
All shops are occupied. At full occupancy the property has a gross income of around R127,000 per month and net income of around R1,266,000 per annum.
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