OLD PRE-SCHOOL BUILDING ON A DOUBBLE STAND IN VEREENIGING

Old pre-school building on a doubble stand with business rights, now converted into 35 rooms each fitted with its own prepaid sub electric meter with a cash income off between 22000 and 30000 per month. Lots of potential to expand or to change to a old age home or to open shops in the front and storage at the back or to keep on with the excisting business. An investor with vision and a little effort could make this a goldmine of income. Reason for selling is owner relocating, otherwise would not wanting to sell but invest more. Would also look at a swop for property in the eastern cape, east london port alfred area. This is a bargain of a life time invesment better than any policy with a garenteed 20% grow on your investment. 50% of this property is also up for grabs as their are two shares, for the amount of 850 000.