INCOME PROPERTIES IN SOUTH AFRICA

Income property in the city center This lot consists of 4 sections in a sectional title development. First Section: The section is divided between (1) Retail/office space with large picture windows and loft styling. and (2) a fully-fit out apartment. (3) Three parking bays are also included Second Section is a storage room (18m2) Third Section is a storage room (22m2) Fourth Section is a storage room (25m2) The owner has been occupying the retail/office space for many years. The apartment is rented. The owner is currently occupying the storage rooms. I would estimate that the retail/office space would rent for R per month The apartment is currently renting for R per month Two parking bays rent for R each for a total of R per month One parking bay rents for R800 for a total of R800 per month Storage room (18m Storage room (22m Storage room (25m Total monthly income: R Asking price: R plus VAT This represents a 9.5% yield Ref: www.harcourts.co.za/orf E & OE