Property description

Looking for an investment property with plenty of potential in a prime location in Mowbray ?

This commercial zoned (general business) is located in the popular and busy Mowbray precinct and conveniently situated opposite and within walking distance to the Taxi rank, bus and train stations. The area has major visibility and due to its location, has a very strong foot traffic presence, within a high trading density area with very low vacancies, thus attracting premium rentals.

The property is currently fully tenanted generating a monthly income of R48 000 from 5 line shops, viz :

pizza place; hair salon; food delivery; computer and cellphone repairs and a grocery shop.

This property is an ideal opportunity for investors looking to secure a steady income stream in a prime major visibility location.

This property is situated right next door to a separate semi-detached house with commercial / general business zoning which is also on the market via the same owner for R1 490 000. This will be an ideal opportunity for a property developer / investor to purchase both properties jointly for R5 480 000.

Don't delay, call me today to arrange a viewing !!