Property features

R1 995 000

Property Details

This prime property, located in the heart of Germiston CBD, offers a unique investment opportunity for savvy investors. The block of flats consists of 8 spacious units, perfect for generating rental income. Unit Details: - 2 x 67 sqm units - 2 x 71 sqm units - 1 x 88 sqm unit - 1 x 72 sqm unit - 1 x 91 sqm unit - 1 x 100 sqm uit - A mix of 1 and 2-bedroom units, offering flexibility for tenants Key Features: - Located in Germiston CBD, with potential for high rental demand - Sectional title units, allowing for individual ownership - 3 shops on the premises are not included in the sale, offering potential for future development Sale Details: - Selling price: R1,995,000 (negotiable) - Ideal for a single investor looking to capitalize on rental income Important Disclaimer: - The property is currently occupied by unauthorized tenants, and an eviction order is in place. The buyer will need to work with the sheriff to execute the eviction order. This property offers a unique opportunity for investors looking to add a valuable asset to their portfolio. With the right management, this block of flats can generate significant rental income. However, buyers should be aware of the complexities and potential costs associated with the eviction process.