1,000m² Building For Sale in Glen Austin

R6,900,000

Web Ref No WLTP-6220
THIS IS A DEVELOPER OR AN INVESTOR’S DREAM PROPERTY!

Currently this property houses 22 students (the University is within 1 km from the property) that pay between R2500,00 and R3000,00 per month each, equalling to an income of approximately R61 000-00 per month. The property has prepaid electricity meters and is situated on 8565 square meters of land. A great investment opportunity with a fixed income source in place.

Alternatively for developer’s, the land could be cleared of existing buildings and re-developed for offices or for housing.

The choice is yours! An opportunity not to be missed, come see for yourself!

Features

Zoning Commercial
Purchase Rates R898.00pm Excl. VAT
Floor Size 1,000m²
Land Size 8,565m²

Broker Contact Details

Duncan Krause
Masters - Weltevreden Park

Cell 082 442 0363
Office 011 795 1032

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