Commercial Property For Sale in East London
BondCosts
Property description
Centrally located and meticulously maintained, this versatile commercial property offers an excellent investment opportunity with a variety of uses.
The ground floor currently hosts three reliable tenants, generating a combined rental income of R75,000 per month. These tenants are open to signing long-term leases, ensuring stable revenue for the foreseeable future.
The second floor, beautifully restored, offers 460 square meters of adaptable space. It includes a kitchen area and ample ablution facilities, making it ideal for storage or even a church gathering.
The third and fourth floors have also been carefully renovated and were previously utilized as a school. Each floor features eight spacious classrooms, extensive ablution facilities, kitchen areas, office spaces, and strong rooms, providing all the necessary amenities for educational use.
There is a courtyard above the 2nd floor which can act as a nice tea time or lunchtime outdoor option.
An elevator is installed in the building; however, it requires an overall or replacement. Despite this, the large stairwell ensures easy access to all floors.
Contact me now for more information or to arrange a viewing of this exceptional property!
Location rating
Nearby Transport
Nearby Education
Nearby Other
Repayment Costs
Monthly Total
Mortgage
Purchase price
Deposit 10%
RPayment term
20 yearsInterest rate
11.5%Your payment
R / mo.
