30 Bedroom Apartment in South Beach

THIRTY APARTMENT COMPLEX

PERFECT LOCATION, CLOSE TO BEACH

Tourist HUB, possible for a boutique hotel, student accomodation, lodge,

Ground floor commercial space, perfect for a car showroom, or chain store supermarket or anything to suit your requirements

The building consists of 30 rooms Ten flatlets per floor. Currently being run as daily accomodation, PREPAID WATER AND ELECTRICITY INSTALLED, Finger print ID , turnstyle gates at entry point. BUILDING NEEDS TO BE RENOVATED so reasonable offers will be presented

The roof is slabbed therefore possible to put up another level. The site is zoned for 11 stories, so future value is good as land is a premium in this location

THIS PROPERTY AS IS CAN GENERATE GROSS TURNOVER BETWEEN 70k to 120k pm as is. Current expenses include, Security, Supervisor, rates and maintenance.

Vat registered entity. Selling price excludes vat