Web Ref CL425
Mixed-Use Investment Opportunity – Apartment Block and Office Block For Sale
Overview:
Presenting an exclusive opportunity to acquire two adjacent blocks strategically positioned for a diverse range of income-generating possibilities. Whether you're looking to expand your property portfolio or explore redevelopment opportunities, this offering comprises:
Apartment Block:
32 Apartments
7 Shops
Potential for further development or modernization to enhance rental yields
Office Block:
46 Offices in a stand-alone block
Consideration for conversion to residential units
Infrastructure conducive to versatile usage
Additional Features:
Vodacom tower, adding a potential additional income stream
2 Working lifts for convenient access
Current income of R306,000, with potential for growth through full occupancy
Strategic Location:
Centrally located, these blocks offer accessibility and visibility, contributing to their appeal for businesses and residents alike. The surrounding amenities and infrastructure enhance the overall value proposition.
Versatile Investment:
With multiple streams of income from residential rentals, commercial leases, and potential redevelopment, this property presents a versatile investment opportunity. Consider the conversion of the office block into residential units to meet the demand for housing in the area.
Potential for Growth:
The current income of R306,000, while not fully occupied, indicates the potential for increased returns with full tenancy. Additionally, exploring redevelopment options can further elevate the property's value.
Invest with Confidence:
Seize this opportunity to invest in a property with a mix of residential and commercial potential. Whether you're an investor or developer, this offering allows you to diversify and maximize returns.
Contact us now for more details and to schedule a viewing. Don't miss out on this unique investment prospect with promising future returns.
Presenting an exclusive opportunity to acquire two adjacent blocks strategically positioned for a diverse range of income-generating possibilities. Whether you're looking to expand your property portfolio or explore redevelopment opportunities, this offering comprises:
Apartment Block:
32 Apartments
7 Shops
Potential for further development or modernization to enhance rental yields
Office Block:
46 Offices in a stand-alone block
Consideration for conversion to residential units
Infrastructure conducive to versatile usage
Additional Features:
Vodacom tower, adding a potential additional income stream
2 Working lifts for convenient access
Current income of R306,000, with potential for growth through full occupancy
Strategic Location:
Centrally located, these blocks offer accessibility and visibility, contributing to their appeal for businesses and residents alike. The surrounding amenities and infrastructure enhance the overall value proposition.
Versatile Investment:
With multiple streams of income from residential rentals, commercial leases, and potential redevelopment, this property presents a versatile investment opportunity. Consider the conversion of the office block into residential units to meet the demand for housing in the area.
Potential for Growth:
The current income of R306,000, while not fully occupied, indicates the potential for increased returns with full tenancy. Additionally, exploring redevelopment options can further elevate the property's value.
Invest with Confidence:
Seize this opportunity to invest in a property with a mix of residential and commercial potential. Whether you're an investor or developer, this offering allows you to diversify and maximize returns.
Contact us now for more details and to schedule a viewing. Don't miss out on this unique investment prospect with promising future returns.
Features
Zoning
Commercial
Exterior
Security
No
Sizes
Floor Size
6,000m²
Land Size
1,253m²
STREET MAP
STREET VIEW
