Property features

R19 000 000

Property Details

This prime 11-storey mixed-use building offers a unique investment opportunity, located in Johannesburg CBD, featuring a multi-level retail component and a partially completed residential section. Strategically located near educational institutions, transport hubs, public services, and vibrant food and entertainment spots, this property is well-positioned for strong rental demand. While refurbishment is required, the property presents substantial income potential, making it an ideal investment for those looking to enhance and capitalize on a high-growth area. Property Features: - 11-Storey mixed-use building - 54 Residential units: - 3 Bachelor units - 35 One-bedroom units - 36 Two-bedroom units - 9 Communal rooms - 794 sqm of retail space, ideal for diverse commercial tenants - Zoning: Business 1, allowing for both residential and commercial use - 2 Lifts (currently not operational) - On-street parking - Tenure: Freehold Financial Overview (Potential Monthly Earnings): Potential Rental Income: R315,650.00 Potential Expenses: R176,034.05 Projected Net Income: R139,615.95 This versatile investment asset offers a combination of residential and commercial revenue streams in a prime urban location. Don’t miss out on this value-add opportunity! 100 % Finance arranged for self-employed and salaried individuals. Complete the document on additional documents for Finance approval and submit relevant docs. Best terms and rates through all major banks and other financial institutions. Also insurance through our sister company. One-stop shop for all your needs. Get in contact today