Whole Building

Germiston, Gauteng - South Africa

 
Available: 2 yrs, 2 ms ago
Contact: Johnny Montaldos
0833022624

Account Name: Johnny Montaldos
User Since: 29/07/14
Ads Published: 13
Ads Active: 9 (View ads)
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Description

This property provides 12 unites that is fully let.
It consist of 10 garages.
Garages could easily be converted into 10 additional units with bathrooms.
Another possibility is to demolish the main house and build 6 to 8 units in the space.
There is ample land for additional carports and parking area.
Being a corner property it makes access not a problem.
Security is good in the area.
Close to rail and public transport.
For the investor that is looking for a high density investment, this is the ideal.
 
This property is ideal for the investor that want to grow his rental portfolio.
Garages can be converted to 1 bedroom units.
The main house would be suggested to demolish and put at least 8 units
This will give a total of 30 units and if worst case at R 2 500 per unit is taken that would give a total of min R 75 000.


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