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800 m² Commercial space in Arboretum

R 3 995 000

7 Beds
9 Baths
Floor Area 800 m² Land Area 1230 m² Rates R 4212

On offer is a unique income generating block of flats, made up of the main house that consist of 5 spacious bedrooms, a stunning kitchen, 3 beautiful bathrooms and living 2 living rooms, 5 X 2 spacious bedroom units plus a 1 bedroom flat! With careful planning and conversion, more flats could be created for tenure. The main house could be divided into 4 units. An outbuilding on the premises could also be converted into one or two more units. The flats are situated in a very good and sought after area and should never be vacant The block is generating a good income. The units have beautiful kitchen cabinets and built in wardrobes.

The block of flats further is fitted with Fibre and has pre-paid electricity. It is situated on the main artery into the city center and within walking distance to the city center. The property is Zoned General Residential 1, Subzone E which makes provision for a Block of Flats, Places of Instruction, Institutions, Retirement Resorts and many more.

If it has always been your passion to own a block of flats, then this a wonderful opportunity to start your portfolio.

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Key Property Features

9
Bathrooms
7
Bedrooms
12
Open Parkings

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