FREE to List – No Marketing Fee – 5% Buyer Premium

RUSTIVIA – RESIDENTIAL & RETAIL BLOCK

Multi-purpose property

GLA 3,000m2
No. of Buildings 1

Opening Bid

1,000,000

Current Highest Bid

R10,900,000

Property Highlights

Erf No.: 1 2 & 3
Suburb: Rustivia
Land Size: +-1866m2
Total Gla: +-3000m2
Flats: 20
Shops: 7
Zoning: Business 4
Parking: +-20
Est. Monthly Rates: R 8 024.00
Net Annual Income +/- 1 800 000.00

Sales Executive Details


Contact Sales Executive

Descriptions

This Stand Alone Property Has Excellent Exposure And Location On Barbara Road, Right Near The N12 Highway Bridge Just Before Kraft Ave Turn Off. The Building Is Very Neat And The Apartments Are Large And Have Been Recently Upgraded / Modernised. This Is A Great Opportunity For An Investor To Take Advantage And Thrive With The Potential Upside. There Are Prepaid Meters For Electricity And Water Installed In A High Demand Area. The Building Is Fully Let With 20 Units And 7 Retailers Under Lease Agreement.

Disclaimer

The information being provided herein is for informational purposes only. No representation or warranty is made as to the accuracy or completeness of any information contained herein, including, without limitation, any information regarding the condition of the Property, the condition of title or Property descriptions. Any documents and/or pictures posted herein or elsewhere on www.instantproperty.co.za, (the "Website") are for informational purposes only, and may not represent the current condition of the Property or the condition of the Property at the time of sale. The posting of pictures herein or elsewhere on the Website does not constitute a guarantee that any items represented in the pictures will be present when the buyer takes possession of the Property. You are encouraged to conduct your own due diligence and investigate all matters relating to the Property. It is recommended that you seek independent advice, including legal advice, to perform your due diligence and that you use good faith efforts in determining that the content of all information provided to or obtained by you is accurate.