Property description
Prime investment opportunity in Fordsburg, ideally positioned directly opposite the Oriental Plaza. This well-maintained, maintenance-free face brick building offers a combination of substantial retail and residential accommodation.
Property Highlights:
* ±500 sqm ground-floor retail space
* Potential retail rental: R25,000–R30,000 per month, excluding utilities
* Excellent retail frontage and versatile commercial space
* 9 residential units
* Spacious 3-bedroom units with fitted kitchens
* Bachelor flats
* Large upper-floor residential accommodation with 8 bedrooms and 4 bathrooms
* Potential to subdivide upper floors into additional units, subject to approvals
* Lift access to all floors
* Individually metered electricity
* 2 undercover parking bays
* ERF size: 493 sqm
* Rates & Taxes: ±R6,000 per month
* Face brick, low-maintenance construction
Investment Potential
The ±500 sqm retail component provides an attractive commercial income opportunity, while the residential units offer additional rental potential. The property's mixed-use configuration creates flexibility for residential, retail, student or shared accommodation.
A strategically positioned income-generating property in the heart of Fordsburg, directly opposite the Oriental Plaza.
Contact Deetesh Ranchod to arrange a viewing.
- Security Features
Location rating
Nearby Transport
Nearby Education
Nearby Other
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Repayment Costs
Monthly Total
Mortgage
Purchase price
Deposit 10%
RPayment term
20 yearsInterest rate
11.5%Your payment
R / mo.
