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Description

Investment opportunity in the heart of Linmeyer, an income earner par excellence.

This property includes eight flats, four retail outlets, three income generating cell phone towers and a lock up garage for eight vehicles.

Four of the eight flats boast two bedrooms and one bathroom.

The lounge and dining area are generously sized, include parquet flooring  and are adjacent  to a well sized balcony.

The kitchen is neat with melamine counter tops and sufficient cupboard space.

The bathrooms boast baths and separate toilets.

The remaining four flats essentially duplicate the two bedroom flats, except they offer one bedroom instead of two.

The four retail outlets include a bakery, a florist, a barber and a haberdashery, all excellent income earners – all four shops have short term leases in place.

The three  income generating cell phone towers have a ten year lease in place and are all paid one year in advance.

This property is close to all amenities including shopping malls, schools and highways.

View by appointment only.

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Details

Updated on July 6, 2020 at 9:49 am

  • Reference #: 1309068
  • Price: R7,990,000
  • Suburb / Town: Johannesburg
  • Property Type: Retail
  • Building Size: 606.0 ㎡
  • Stand Size: 607.0 m²
  • Rates & Taxes: R 8646
  • Levy: R 2500

Additional Features

  • Mandate Price:total gross price

    Address

    146 South Rand Road

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