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.