3 BUILDINGS INVESTMENT OPPORTUNITY WITH REDEVELOPMENT POTENTIAL
3 buildings next to The Old Biscuit Mill on Albert road in Woodstock. 12 secure parking bays 10 full time tenants with leases up to July 2024, with renewals in place. Tenants include Postnet, The Woodstock Gin company and The Potluck club. Current income R228 000 per month after operational expenses. Current tenancy occupation at 8% Full tenancy occupation at 9,5% GLA 2133 sqm Total size 2018 sqm Mixed used property with possible redevelopment opportunity consisting of 4 parking levels, commercial opportunity on the ground floor, with residential apartments above. Close to Cape Town CBD. E&EO