AUCTION
Fully Tenanted Apartment Block - On Auction 21 November
On Auction 21 November - Fully Tenanted Apartment Block
The subject property has an approximate GLA of 2 993m² and sits on an erf which is 3 965m² in size. This site presents an extremely rare opportunity for all prospective investors due to its 100% occupancy as well as the pristine condition of the building.
It is extremely well maintained with a paved walkway, making the retail section easily accessible with increased foot traffic.
This block of apartments consist of 68 apartments which are all 41m² in size while there are 3 retail units which are fully occupied on the ground floor.
Along with both the residential and retail components, this site boasts a high volume of parking bays which proves to be an extremely attractive feature for all investors as well as the occupants.
- GLA: ± 2 993m²
- ERF: ± 3 965m²
- Fully occupied
- GAI: ± R6 187 695
- 91 Parking bays
- Potential to convert to student accommodation
- 68 Apartments & 5 shops downstairs
- Zoning “Local Business 2”
Features
Exterior
Sizes
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