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GERMISTON – 45 FLATS FULLY LET

Residential apartment block

GLA 1,847m2
GAI R1,200,000
No. of Buildings 1

Opening Bid

3,000,000

Current Highest Bid

R6,300,000

Property Highlights

• Neat And Well Maintained Apartment Block
• 45 Apartments On 3 Floors
• Fully Let With Average Rent Of R2300.00 P.m.
• Electricity On Sub Prepaid Meters
• Gross Rental Income +- R1.200 Mil.p.a.

Sales Executive Details


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Descriptions

Well Located Residential Block Is Well Maintained And In Good Condition, In A Higher Demand Area Of Germiston. In A Prime Location In Germiston On The Corner Of Meyer And Streets, This Block Stands Proudly Alongside Other Established Buildings And Is Across The Road From The Anglican Church. The Property Has Good Exposure From Passing Trade And Is Situated Alongside Recently Refurbished Roads, Pavements And The Germiston Hotel.

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.