Property description

PRICE REDUCED:

This is a Developer's Dream. Such a excellent location that ticks all the boxes.

You will not make a mistake to invest and you will get good return on your investment. At the same time, you will uplift the town and restore the lost value of the once golden corner in Parys.

This properties is in the market to be sold under one umbrella. They are not for sale separately. Most importantly is that you already have excellent tenants securing a monthly rental income. This is worth gold.

At the busy intersection, at the traffic light from Potchefstroom and to Kroonstad, you will find this golden opportunity to invest in Commecial Property on a sizable 4245 sqm.This will not be around for too long.

There are 4 Shops, 1 Workshop, 1 garage , 2 x double carports, an office with a toilet and a large piece of open land on this stand, and they can be used as multi shops on this corner stand, or it can be re developed into a totally new look with new shops. The space is enormous. Think out of the box! 

This Class C poperty can be older that 30 years, with outdated systems that could need a great deal of repair.

Situated not far from amenities.

Value-add investors like these properties , as these assets can be renovated at low costs and has the potential to make a profi when you sell them again.

Rental levels is also be referred to in grades and a C grade rental can generate income between R35-R50/sqm p/m. However in a small town such as Parys, it is difficult to get to this grade of rental income and this must be taken into consideration. However the combined income generated out of all these properties is adding up to a good return on your investment. 

All of above property is rented out, and information about monthly income will be disclosed to the serious buyer.

Contact us today for a view.