Description
Minimum Auction Starting Bid – R 5 000 000-00
Bidding Increment Online Auction – R 50 000-00 per Bid Increment
Gross Monthly Income – R 112 000-00 (Plus, Minus)
Monthly Expenses – R 16 500 (Plus, Minus)
Nett Yearly income – R 95 000 x 12 = R 1 140 000-00 (Plus, Minus)
Welcome to a unique property that combines the best of both residential and commercial living.
This complex, located at 46 Main Street in Witfield, Gauteng, boasts a total of 20 flats, including 3 duplex units. In addition to the residential units, the property features three conveniently located shops – an electronic store, a hair salon, and a dry cleaner – providing residents with easy access to essential services. The building also includes manager office space, adding to its versatility.
Key Features:
-20 Flats (including 3 Duplex Units)
-Electrical Store
-Hair Salon
-Dry Cleaner
-Office Space
-Spacious Layout
-Ongoing Renovations for Modern Living
-Emphasis on Cleanliness and Safety
Amenities:
– Adjacent to Total filling Station
-Secure Living Environment
-Proximity to Essential Shops and Services
-Modernized Flats (Some Flats Renovations are still outstanding. We sell as is currently)
-Convenient Access to Public Transportation
-Well-Maintained Common Areas
Investment Opportunity:
This property presents a lucrative investment opportunity due to its diverse income streams from both residential and commercial spaces. The ongoing rmaintenance and commitment to modern living make it an attractive option for those seeking a combination of comfort and convenience.
The complex is characterized by its spacious layout, well-maintained surroundings, and a commitment to security. Currently undergoing renovations in select flats, the property is dedicated to enhancing the living experience for its residents, ensuring modern amenities and comfort. The focus on cleanliness, safety, and continuous improvements reflects the commitment to creating an optimal living and working environment.
For inquiries, property viewings, or additional information, kindly reach out to our dedicated agent, Martin Nel.
