Description
Offers from R 2 500 000
Offers above R2 500 000 to be considered.
Highest offer over R 2 500 000 to be considered.
Owner wanting R 3 200 000.
This 3-storey building is one of various similar type apartment buildings in the area offering retail space on the ground floor with apartments on the first and second floor and is an ideal investment opportunity to generate rental income.
The property is well positioned within Emmarentia and close to all amenities, Emmarentia Dam, Linden, Greenside and Roosevelt Park with easy access to major roads and highways leading to suburbs in and around Johannesburg.
A rare combination of residential and commercial the property offers the following for rental income:
Ground Floor:
· 2x Business retail sections
· Size - 260 sq/m
First Floor:
· 2x 1 bedroomed, 1 x bathroom, lounge and kitchen with balcony units
· Size per unit - 96 sq/m x 2
· Total size 192 sq/m
Second Floor:
· 2x 1 bedroomed, 1 x bathroom, lounge and kitchen with balcony units
· Size per unit - 96 sq/m x 2
· Total size 192 sq/m
Storage and ablution areas:
· Size – 64 sq/m
Open parking area
ANTICIPATED GROSS ANNUAL INCOME:
R 500 000.00
Rates and taxes +- R 12 000.00
- Erf tax: R 4 774.00
- Water & electricity: R 8 000.00
Contact the agent to arrange a viewing
Video
4
496m2
