|Prime Retail Invetment Property Villieria Pretoria East
Prime retail center fully let situated on main arterial Valeria with huge future development potential.
Two adjacent full-title stands providing strong exposure to public on busy street side corner in ever popular Villieria Pretoria. The one residential zoned (1,276m²) stand provides a fully let house and serves as excellent purpose for future retail development, while the other “General Business” zoned stand features 9 shops and two flatlets fully let.
Excellent market cap rate on sales price. Huge potential to re-develop into mixed residential & retail development with the excellent position of the property.
Monthly Nett Income Oct 2019 R66,614, providing 12.69% Initial Yield.
A very lucrative and scarce investment property not to be missed.
Price R6,300,000.00 Excluding VAT
ERF Size 3,550 m²
Rates R8,606 per month