| Investor Alert! Prime Brighton Beach. Bluff |
Mixed Use Development in Brighton Beach. Bluff
Selling Price: R13 500 000
Situated in sought after Brighton Beach on Marine Drive is this mixed-use development with a commercial component on the front wing and 10 x two-bedroom and 1 three-bedroom apartment with fitted kitchens, built in cupboards in all bedrooms and 2 parking bays per unit.
The building affords magnificent sea views and is well located on the transport route. There are 6 Jojo tanks for water harvesting and solar panels to harness the suns energy. Water and electricity are on a pre-paid basis metered.
Current rental per 2 bedroomed apartment is R8 000 p.m.
Current rental per 3 bedroomed apartment is R11 000. P.m. with
Current rental for the commercial component is R30 000 p.m.
Rental capitalization at full occupation:
10 x R8 000 per months per apartment each with there own water and electrical meters
1x R11 000 per month for a 3 bedroom apartment with water and electrical meters.
1 x R30 000 for the Super Market.
1 x R12 000 Boutique shop
+- R130 000.00 p.m. Gross income
= +- R1 500 000 Gross per year passive income.
Come view and lets talk
ERF Size 2,840 m²
Building Size 1047m²
Rates R8,000 per month
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Stephanie McKnight
c. 0732833350
stephanie.mcknight@rawson.co.za
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