Commercial space in Richmond Hill

A fantastic investment opportunity in the heart of Richmond Hill!

This fully walled, well-maintained block of flats offers excellent rental potential and is ideally positioned directly across from the hospital perfect for professionals, students, or long-term tenants.

Property Overview:

Main Front Building:

Comprises 8 exceptionally large flats, each approximately 100m in size.

A mix of 3-bedroom, 2-bedroom, and 1-bedroom units.

Dual access from both the front and rear, providing the option to subdivide units for even greater rental yield.

Each unit is fitted with prepaid water meters for convenience and efficient management.

Upper-level units feature balconies overlooking the courtyard.

Rear Section:

Includes 3 modern, newly built flats, each offering 1 bedroom, a lounge, kitchen, and bathroom.

Two lockable garages and ample secure parking behind a remote-controlled gate.

Drying areas and communal space available for residents.

General Features:

Fully enclosed with boundary walls for privacy and security.

Attractive front courtyard area.

Roof replaced several years ago well-maintained and in good condition.

Investment Highlights:

Prime location across from the hospital, ensuring steady tenant demand.

Excellent income-generating potential, with opportunities to maximize returns by subdividing larger units.

Strong rental market in Richmond Hill, driven by proximity to key amenities, schools, and the city center.

This is a rare opportunity to acquire a solid, income-producing property in a high-demand area with substantial growth and yield potential.

TIADOR 150 CC trading as RE/MAX Independent Properties (Lorraine) operates in terms of a franchise agreement with RE/MAX of Southern Africa.