Commercial Building for sale in West End , Kimberley

This mixed-use property in West End, Kimberley, is a versatile investment opportunity, offering both residential and commercial features. Key aspects include:

Residential Features:

4-bedroom house: Spacious with air-conditioning in rooms.

2 and a half bathrooms.

Kitchen with a scullery.

Laundry area.

Entertainment area with a built-in braai.

Lounge and TV room.

Flats:

Three flatlets:

One flat is still under renovation.

Two fully functional flats, each with:

1 bedroom.

Kitchen.

Lounge.

Bathroom.

Prepaid electricity.

Air-conditioning.

Outdoor Features:

Swimming pool with a lapa and braai area.

Commercial Features:

11 storage units: Currently generating a rental income of R12,100 (one unit vacant at R1,500).

Workshop: Rented out for R3,500.

Spaza shop: Rented out for R3,000.

Income Potential:

Current total rental income: R18,600 (with one storage unit, house and 3 flats vacant).

Potential total rental income if all spaces are rented out: R48,100.

Vacant land can be rented out at R110 per square meter.

This property offers the perfect blend of residential comfort with a substantial commercial income opportunity. It's ideal for investors looking to maximize returns through diverse rental options.