Established Mixed_Use 3_Storey Building Offering Retail Units and Apartments
This is an excellent opportunity to invest in a unique block incorporating both retail and accommodation components.
The subject property is on a single ERF and is VAT registered. Is most ideal as either a passive income generator or for conversion to sectional title and resale.
The immediate area comprises largely of residential dwellings, with a mixture of flats and complexes. Added to this, the bordering suburb comprises of mostly family homes on separate erfs. Close by are two schools and several nursery schools. There are two sporting clubs nearby and a number of parks in the vicinity. There is a substantial shopping precinct just 7 minutes walk away.
However, of particular interest, is that this property can and does offer both essential and corner shop services to the local community.
The property comprises of 10 residential flats totalling 795 m and sup2 on the first and second floors plus 8 retail shops totalling 504.58 m and sup2 on the ground floor. In addition, there is a storeroom, staff quarters and undercover parking to the rear of the main building and are accessed via a remote-controlled security gate.
This is a corner stand and has a dedicated access roadway and parking spaces running the full length in front of and to the side of the building.
PROPERTY IMPROVEMENTS:
Gross Floor Area (m and sup2)
Net Floor Area (m and sup2)
Building A
601.90
Shops
180.32
172.61
Staircase
18.40
First Floor Flats
175.49
3 Bachelors each
Passage and Stairway
26.10
Second Floor Flats
175.49
3 Bachelors each
Passage and Stairway
26.10
Building B
792.77
Shops
334.62
324.88
Ladies and Gents Toilets
6.30
Foyer Entrance/Stairway
14.05
Switchgear Room
5.60
Stairway
13.34
First Floor Flats
309.50
4 x 2 and frac12 Beds each
Passage and Stairway
109.36
Building C
33.48
Staff Quarters
16.43
Storerooms
17.05
12.70
Undercover Parking
81.48
7 Bays
