Mixed-Use Investment Opportunity – Apartment Block and Office Block For Sale
Overview: Presenting an exclusive opportunity to acquire two adjacent blocks strategically positioned for a diverse range of income-generating possibilities. Whether you're looking to expand your property portfolio or explore redevelopment opportunities, this offering comprises:
Apartment Block:
32 Apartments 7 Shops Potential for further development or modernization to enhance rental yields Office Block:
46 Offices in a stand-alone block Consideration for conversion to residential units Infrastructure conducive to versatile usage Additional Features:
Vodacom tower, adding a potential additional income stream 2 Working lifts for convenient access Current income of R306,000, with potential for growth through full occupancy Strategic Location: Centrally located, these blocks offer accessibility and visibility, contributing to their appeal for businesses and residents alike. The surrounding amenities and infrastructure enhance the overall value proposition.
Versatile Investment: With multiple streams of income from residential rentals, commercial leases, and potential redevelopment, this property presents a versatile investment opportunity. Consider the conversion of the office block into residential units to meet the demand for housing in the area.
Potential for Growth: The current income of R306,000, while not fully occupied, indicates the potential for increased returns with full tenancy. Additionally, exploring redevelopment options can further elevate the property's value.
Invest with Confidence: Seize this opportunity to invest in a property with a mix of residential and commercial potential. Whether you're an investor or developer, this offering allows you to diversify and maximize returns.
Contact us now for more details and to schedule a viewing. Don't miss out on this unique investment prospect with promising future returns.
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Disclaimer: While every effort will be made to ensure that the information contained within the Firzt Realty website is accurate and up to date, Firzt Realty makes no warranty, representation or undertaking whether expressed or implied, nor do we assume any legal liability, whether direct or indirect, or responsibility for the accuracy, completeness, or usefulness of any information. Prospective purchasers and tenants should make their own enquiries to verify the information contained herein.
Please note: Most banks charge an administration and initiation fee. Disclaimer: These calculations are only a guide. Please ask your conveyancer for exact calculations.
