7 Tenanted Apartments & a Spacious Commercial Shop
Zoned for both commercial and residential use, this versatile property offers an established rental income stream alongside exciting retail potential.
The property comprises seven tenanted apartments, each renting for R5,500 per month, generating a combined R38,500 in monthly residential rental income.
A spacious commercial shop offers an estimated additional rental potential of R12,000 per month, bringing the property’s total potential gross rental income to R50,500 per month.
The shop presents an opportunity to explore creating three separate retail spaces—potentially a supermarket, bakery and butchery—subject to the necessary approvals.
Amenities in the surrounding area include:
- Leonsdale Primary School and Elswood Primary School on 26th Street.
- New Apostolic Church Leonsdale (the building next door)
- Leonsdale Public Library and Community Centre on 12th Avenue.
- Leonsdale Educare at the corner of Avonwood Road and 14th Avenue.
- Bus and taxi connections along Halt Road and Elsies River Road, with Elsies River railway station serving the wider area.
Whether you are expanding your investment portfolio or looking to combine residential letting with commercial premises, this property offers multiple income streams and room to grow.
The property comprises seven tenanted apartments, each renting for R5,500 per month, generating a combined R38,500 in monthly residential rental income.
A spacious commercial shop offers an estimated additional rental potential of R12,000 per month, bringing the property’s total potential gross rental income to R50,500 per month.
The shop presents an opportunity to explore creating three separate retail spaces—potentially a supermarket, bakery and butchery—subject to the necessary approvals.
Amenities in the surrounding area include:
- Leonsdale Primary School and Elswood Primary School on 26th Street.
- New Apostolic Church Leonsdale (the building next door)
- Leonsdale Public Library and Community Centre on 12th Avenue.
- Leonsdale Educare at the corner of Avonwood Road and 14th Avenue.
- Bus and taxi connections along Halt Road and Elsies River Road, with Elsies River railway station serving the wider area.
Whether you are expanding your investment portfolio or looking to combine residential letting with commercial premises, this property offers multiple income streams and room to grow.
Monthly Rates
R2,818
Features
Interior
Exterior
Sizes
Listing Info
Leonsdale, Goodwood
- Street map
- Street view
Finance
Total Amount Repayable
R0,00
Monthly Repayment
R0,00
Calculators:
Disclaimer
While every effort will be made to ensure that the information contained within the Harcourts South Africa website is accurate and up to date, Harcourts South Africa makes no warranty, representation or undertaking whether expressed or implied, nor do we assume any legal liability, whether direct or indirect, or responsibility for the accuracy, completeness, or usefulness of any information. Prospective purchasers and tenants should make their own enquiries to verify the information contained herein.
