Web Ref CL34742
ON AUCTION - 18 JUNE 2025 - Newly Redeveloped Mixed-Use Investment Property
ON AUCTION - 18 JUNE 2025 - Newly Redeveloped Mixed-Use Investment Property
This exceptional mixed-use property consists of 8 retail shops and 6 residential flats, ideally located on the busy corner of Kenmere and Webb Road—a high foot-traffic area with strong demand for both retail and residential spaces.
The property has been newly redeveloped and zoned Residential 4, allowing for greater density and flexibility in use. Each residential unit includes its own private bathroom, and the entire development has been designed for low maintenance, featuring prepaid electricity and water meters.
Currently fully let, the property generates a gross monthly income of R54,000, offering investors a stable cash flow and a high return on investment.
This is a prime opportunity to secure a well-performing asset in a thriving, high-demand location.
This exceptional mixed-use property consists of 8 retail shops and 6 residential flats, ideally located on the busy corner of Kenmere and Webb Road—a high foot-traffic area with strong demand for both retail and residential spaces.
The property has been newly redeveloped and zoned Residential 4, allowing for greater density and flexibility in use. Each residential unit includes its own private bathroom, and the entire development has been designed for low maintenance, featuring prepaid electricity and water meters.
Currently fully let, the property generates a gross monthly income of R54,000, offering investors a stable cash flow and a high return on investment.
This is a prime opportunity to secure a well-performing asset in a thriving, high-demand location.
Features
Zoning
Mixed Use
Title
Freehold
Exterior
Security
Yes
Parking Bays
Open Parkings
2
Sizes
Floor Size
300m²
Land Size
495m²
STREET MAP
STREET VIEW
