NEW
Web Ref CL118862
R33,600,000
Unit 3306 Muckleneuk, Fountains circle
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3,306m² Commercial Building for Sale in Muckleneuk
Located at 56 Harmony Street, Muckleneuk, Pretoria, this well-positioned mixed-use property presents an exceptional investment opportunity with strong and diversified income streams.
The property is developed on a 1,857 m² stand and comprises a 7-storey block of flats with ground-floor retail. The combination of residential and retail tenants ensures stable cash flow while spreading risk across multiple income sources.
Financial Overview:
• Asking Price: R35,000,000
• Gross Monthly Income: R367,400
• Monthly Expenses: ±R65,000
• Net Monthly Income: ±R302,400
Situated in the bustling Muckleneuk area, the building enjoys excellent visibility and accessibility, with close proximity to key landmarks, including the renowned BMW Fountains development.
Tenant Mix
Residential (26 Units):
• 19 × Two-bedroom apartments
• 5 × One-bedroom apartments
• 1 × Two-bedroom penthouse
• 1 × Three-bedroom apartment
Retail (Ground Floor):
• Shell Garage
• SPAR Express
• Liquor City
• Fashion designer
• Cupboards and shopfitting company
• Additional smaller retail shops
This strong and well-balanced tenant mix delivers consistent and diversified rental income, making the property an attractive long-term investment with solid growth potential.
The property is developed on a 1,857 m² stand and comprises a 7-storey block of flats with ground-floor retail. The combination of residential and retail tenants ensures stable cash flow while spreading risk across multiple income sources.
Financial Overview:
• Asking Price: R35,000,000
• Gross Monthly Income: R367,400
• Monthly Expenses: ±R65,000
• Net Monthly Income: ±R302,400
Situated in the bustling Muckleneuk area, the building enjoys excellent visibility and accessibility, with close proximity to key landmarks, including the renowned BMW Fountains development.
Tenant Mix
Residential (26 Units):
• 19 × Two-bedroom apartments
• 5 × One-bedroom apartments
• 1 × Two-bedroom penthouse
• 1 × Three-bedroom apartment
Retail (Ground Floor):
• Shell Garage
• SPAR Express
• Liquor City
• Fashion designer
• Cupboards and shopfitting company
• Additional smaller retail shops
This strong and well-balanced tenant mix delivers consistent and diversified rental income, making the property an attractive long-term investment with solid growth potential.
Features
Zoning
Commercial
Title
Freehold
Exterior
Security
No
Sizes
Floor Size
3,306m²
Land Size
1,857m²
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