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IOLProperty - South African Property For Sale
R7,000,000
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Ref: 3767309

71 Beds, 6 Baths
Germiston Central Property For Sale

R7,000,000 - Germiston Central
71 Beds, 6 Baths
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Ref #: 3767309
Added: > 6 Months Ago
Suburb:Germiston Central  (in Germiston)
Price:R 7,000,000 (For Sale)

Property Features

  • 71
  • 6
  • 1050
High Income Opportunity, Block Of Flats In Germiston Central

This investment opportunity is pitcularly for the investors seeking low overheads and high Net returns with little maintenance needed for the up keep of this building. The building is located in Germiston Central in close proximity to the Golden Walk Shopping centre in an area with a high demand for rental accomodation, due to the surrounding economic activity as well as easy access to Germiston CBD as well as transport nodes (Taxis And Trains) to Johannesburg CBD. Just a walking distance to Germiston Hospital.This block of flats is a triple storey commercial building that consists of 71 rooms with communal bathrooms and toilets on each floor plus 3 retail shops on the ground floor/street level.The site is of regular shape and is face bricked and partially plastered. The building has steel window frames and a flat roof. The property is walled on one side and seems structually sound.With shops at the bottom floor.

Views: Urban

Garden: Tidy

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