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Auction Date: 21/11/2018     Start: 12:00     Commercial Property

Rustivia, Germiston - Residential & Retail Block | Multi-Property Auction - Investment Selection

Rustivia, Germiston - Residential & Retail Block | Multi-Property Auction - Investment Selection Rustivia, Germiston - Residential & Retail Block | Multi-Property Auction - Investment Selection Rustivia, Germiston - Residential & Retail Block | Multi-Property Auction - Investment Selection Rustivia, Germiston - Residential & Retail Block | Multi-Property Auction - Investment Selection Rustivia, Germiston - Residential & Retail Block | Multi-Property Auction - Investment Selection

Rustivia, Germiston - Residential & Retail Block | Multi-Property Auction - Investment Selection

Property Details
Property Type: Commercial
ERF Size: 3000

Description
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.

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

Auctioneer Details

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AuctionInc.
122 Barbara Rd, Rustivia, Germiston, Gauteng

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