Description

Accepting Offers. DESCRIPTION: This prime property is set in the heart of popular and sort after Randburg which offers this great opportunity for investment. Mixed use building with a good yield and great income offers you the best of both worlds. COMMERCIAL: • 20 Retail shops • 2 Vacant – Potential income ±R360 000 pa • Income – ±R1,416,555 pa RESIDENTIAL: • 86 Residential flats • 78 Bachelors • 2 One-bedroom • 5 Two-bedroom • 1 Three-bedroom • 3 Vacant – ±R144 000 pa • All on Pre-paid electricity • Pre–paid water meters need to be connected • Income - ±R3,763,981 pa EXTRAS: • Borehole water • 6 Staff apartments • 24 hr security • Ample parking • Approved plans for additional 77 apartments • Full engineers report for the additional apartments • Recovery of utilities ±R962,784 pa DETAILS: • Erf no: 742, Ferndale • Erf size: 4050m² • Zoning: Business 1 DISCLAIMER: The information supplied in this advert does not constitute a warranty of any kind or nature by the Sellers of the property or by the Brokers. Buyers must conduct their own investigations prior to purchasing.