R6,250,000
CENTRAL INVESTMENT AND DEVELOPMENT OPPORTUNITY
The property consist of the following:
The ground floor commercial retail space measures +- 904 sqm
The building also offers a roof-top cell phone tower lease generating majority of the rental income
Office space of 416 sqm x 4 floors (1664sqm) currently vacant could be converted in residential letting space
Great Opportunity to convert the office space into a student accommodation right between Rosebank College and PE College
The vacant space was used as office space and would be easy to change as all internal walls are dry walls.
All floors provide access to water and lights plus underground parking
The property has been vacant for several years and requires renovations and general maintenance to restore
Commercial zoning
Retail and residential usage
Great visibility - one of the tallest buildings in Central
Floor size: 2568sqm
Current rental income is R50 740.26/month
Rates and taxes is R11 469.35/ month
Where can you buy a building for only R2434 per sqm in this market?
Contact me for a viewing
R6 250 000 PLUS VAT
Features
Exterior
Sizes
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