Commercial Property in Klerksdorp Central For Sale

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Description

Block of flats - Investment opportunity

The property hosts a six storey building with structured first floor parking. It is utilized for retail and residential purposes. The building is an older building which has been partly renovated over time. It is in a fair condition.

Although the property is a sectional title scheme, all the sections are owned by a single entity. Some of the commercial sections over time have been either sub-divided to form two separate units or units have been merged to form singular units. 

The ground floor of the building offers retail accommodation The first floor offers parking, staff accommodation or storage units and all the remaining above floors provide residential units only. The roof areas is partially utilized by two telecommunication providers for transmission mast/equipment.

The building offers 6 retail units, 19 one bedroom flats, 9 two bedroom flats and 12 three bedroom flats.

The building is constructed in brick under concrete and iron roof sheeting. 

TThe property is partly enclosed on two sides with fencing/walling. The property has a structured parking area with 43 parking bays.

REXIBEX INVESTMENTS (PTY) LTD trading as REMAX Exclusive (Klerksdorp) operates in terms of a franchise agreement with REMAX of Southern Africa.

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REXIBEX INVESTMENTS (PTY) LTD trading as REMAX Exclusive (Klerksdorp) operates in terms of a franchise agreement with REMAX of Southern Africa.