1 328 m² Commercial space in Melville

Prime Investment Opportunity in the Heart of Melville. Possible conversion into student accommodation.

Unlock the potential of Melville''s vibrant real estate market with this exceptional apartment block, ideally situated in the bustling heart of the city. This outstanding property boasts 18 well-appointed apartments coupled with 4 high-traffic retail shops, each reflecting a commitment to quality and convenience. The yearly net income is around one million rand. Possible opportunity to turn into student accommodation.

Property Highlights:

Strategic Location: Nestled in the dynamic area of Melville, this property offers easy access to major transportation routes, walking distance from the University of UJ and Wits, popular dining, shopping, and entertainment options, enhancing tenant appeal.

Profitable Investment: With a high occupancy rate and a proven track record of profitability, this asset promises a substantial and steady income stream from both residential and commercial units.

Well-Maintained Units: Each apartment has been maintained and is in a good condition, minimizing the need for immediate repairs and enhancing tenant satisfaction. The seven one bedroom units, five 2 bedrooms, and 6 Batchelor units all comes with build inn cupboards, neat kitchens and renovated bathrooms that comes with a shower. All units comes with a pre-paid electrical meter.

Diverse Income Sources: The mix of residential and commercial spaces diversifies your income, reducing investment risk and increasing the propertys appeal to a broader market.

Turnkey Operation: This property is being offered as a fully operational unit, ensuring you can start benefiting from your investment immediately without any interruption.

Whether you are expanding your portfolio or looking for a lucrative entry point into real estate investment, this property in Melville stands as a beacon of opportunity. Don''t miss out on this chance to own a slice of one of the most sought-after locations in the city.