3306m² Investment 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.