1000 m² Commercial space in Melville

R 11 990 000

Ricky Ferreira

Lencar Exclusive Properties

1000 m² Commercial space in Melville

R 11 990 000

Address: 33 3rd avenue
Floor Area 1000 m² Land Area 1290 m² Rates R 7000

Multi- Tenanted Building- Investment opportunity!!!

Situated in the hustle and bustle of Melville!

This excellent investment opportunity with huge income potential.

The building is extremely conveniently located in close proximity to Major Highways & Public Transport Routes!

The area is full of potential, located in one of Johannesburg's student & business hubs.

The property consists of the following:

A building in front which approximately has 840 SQM's.

Flats at the back with 5 rooms, Bathrooms etc.

Entire Parking lot area at the back of the property which is zoned for Residential.

This can be developed into Flats or as required.

The property is currently receiving a good rental income from the longstanding tenants.

Extra income can be obtained for the restaurant upstairs 412squares at average R100 per square equals R41 200.00 .

The parking lot area at the back of the property is registered as residetial so flats can be built or as required for additional income.

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Monthly Repayment

Loan Value (Capital) R 0
Total Interest R 0
Total Repayment R 0
Interest at 8.25% for 20 years
* The interest rate is by default set to the prime lending rate. Banking institutions may choose to lend to individuals at a rate above or below this prime rate.

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Experience Northcliff

Northcliff is one of the older, more established areas in Johannesburg. It is highly sought-after by those looking for a tranquil and exclusive lifestyle. The properties on Northcliff Hill have large grounds with well established park-like gardens. Newer developments in the extensions to the West cater to the younger generation with a taste for modern architecture. There is a distinct lack of industry and commercial blocks. For those who seek the sparkle of entertainment or the outdoors, it is less than half an hour from top spots like the Lion Park, the Cradle of Humankind and the buzz and dazzle of Monte Casino and Silverstar Casino.

Find out more about Northcliff

1000 m² Commercial space in Melville

R 11 990 000

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