FEATURED
EXCLUSIVE MANDATE
Web Ref TPC30
POA
16 Victoria Street
Calculate Affordability | Calculate Bond & Transfer Costs | Currency Converter
Auction StationCommercial Investment - High Yielding Property Investment
AUCTION ALERT – King William’s Town
Victoria Street | Zoned Commercial
This versatile commercial property offers multiple income streams, strong existing returns, and excellent development potential:
18 x Bachelor Units – each approx. 35m²
Current Income: R2,000 p/m each = R36,000 p/m
All units fitted with prepaid electricity meters
Communal Facilities – Male & Female bathrooms with toilets & showers
Storage Facility
Income-Earning Church Building – currently generating R7,000 p/m (with ablutions)
Erf Size: 3,300m²
Buildings Under Roof: 713m²
BONUS INVESTMENT
43 x Moveable Panel Homes (5m x 2.5m each | 526m² under roof)
Rental Potential: R1,700 p/m each = R73,100 p/m
All units fitted with prepaid electricity meters
Development Upside
Plenty of vacant land available to add another ±50 rooms, further boosting income potential.
Income Snapshot
18 Bachelor Units (Current) = R36,000
43 Panel Homes (Potential) = R73,100
Church = R7,000
Gross Income: R116,100 p/m
Less: Rates & Taxes = R12,000 p/m
Net Income: ±R104,100 p/m
On Auction – ONLINE & ONSITE
Don’t miss this rare income + development opportunity in the heart of King William’s Town!
Victoria Street | Zoned Commercial
This versatile commercial property offers multiple income streams, strong existing returns, and excellent development potential:
18 x Bachelor Units – each approx. 35m²
Current Income: R2,000 p/m each = R36,000 p/m
All units fitted with prepaid electricity meters
Communal Facilities – Male & Female bathrooms with toilets & showers
Storage Facility
Income-Earning Church Building – currently generating R7,000 p/m (with ablutions)
Erf Size: 3,300m²
Buildings Under Roof: 713m²
BONUS INVESTMENT
43 x Moveable Panel Homes (5m x 2.5m each | 526m² under roof)
Rental Potential: R1,700 p/m each = R73,100 p/m
All units fitted with prepaid electricity meters
Development Upside
Plenty of vacant land available to add another ±50 rooms, further boosting income potential.
Income Snapshot
18 Bachelor Units (Current) = R36,000
43 Panel Homes (Potential) = R73,100
Church = R7,000
Gross Income: R116,100 p/m
Less: Rates & Taxes = R12,000 p/m
Net Income: ±R104,100 p/m
On Auction – ONLINE & ONSITE
Don’t miss this rare income + development opportunity in the heart of King William’s Town!
Features
Zoning
Commercial
Title
Freehold
Exterior
Security
Yes
Parking Bays
Open Parkings
20
Sizes
Floor Size
713m²
Land Size
3,073m²
STREET MAP
STREET VIEW
