A mixed-use commercial property in Dalview, Brakpan, will offer bidders an opportunity to acquire a building that generates a large monthly rental income, says Tanya Jovanovski, franchisee of Rawson Auctions Western Cape.
The property comprises 13 retail shops and seven flats, which bring in a total monthly rental income of R116456.
The monthly expenses for the property, including rates and taxes, total R11262.
Jovanovski says one of the units has about 500m² of vacant land behind it, which could be developed into more flats or rented out as vacant land.
All the other units and flats are currently tenanted.
The property, which stands on two erven - measuring 4334m² and 1442m² respectively - is in the centre of Brakpan, close to all amenities.
The property will be auctioned at noon on February 27 at the Rawson Property Group head office at 222 Main Road, Rondebosch.
For more details, call Johan van Dyk on 0829016548 or Tanya Jovanovski on 0218371700.