This Prime property situated in South Beach boasts an 86 unit residential portion as well as 230sqm of newly renovated retail space. With a monthly rental income of R429 000 and 7% escalations being achieved this is a great asset, not to be missed! This property is located on a busy street with passing foot traffic. It is near the Wheel shopping centre.
Residential rental is broken up as follows:
43 Smaller 1 bedroom units R179 439 per month
43 larger 1 bedroom units R197 800 per month.