Looking for a lucrative investment in the heart of Grassy Park? Look no further! We are excited to present an opportunity to acquire a prime block of flats, with 3 thriving shops nestled in bustling neighbourhood.
There are 3 building located on a 1982 sqm erf. Two buildings are flats ( 6 flats each) with parking. The 3rd block is retail facing on a busy Main Road.
The zoning is General Business 1 ( GB1)
12 Flats: Each offering 2 bedrooms designed for comfort and convenience.
3 Profitable Shops: Ideal for retail or service businesses, already attracting a steady stream of customers.
Strategic Location: Situated in the vibrant Grassy Park area, renowned for its strong community spirit and growing economic activity.
High Rental Potential: Enjoy consistent rental income from both residential and commercial tenants, ensuring a stable return on investment.
Fully tenanted: The apartments and shops have leases in place and audited financials are available.
Flats Overview:
Spacious layouts with ample natural light.
Modern amenities and finishes.
Secure and well-managed premises.
Shop Spaces:
Prominent street frontage for maximum visibility.
Current leases in place
Established foot traffic from the surrounding residential area.
Investment Potential:
Diverse income streams from residential and commercial tenants.
Capitalize on the thriving local economy and community demand.
Potential for future appreciation in property value.
1982 sqm erf size of GB1 zoning. Some bulk available for further development.
Seize this rare chance to own a prime piece of real estate in Grassy Park. Whether you''re a seasoned investor or a first-time buyer, this property offers immense potential for growth and prosperity.
The Seller is open to all reasonable offers.
If you are interested in viewing this property, call Frances to arrange a viewing, or to discuss any industrial/ commercial or retail property requirements that you may have.
Frances- Gray is a representative of Real Estate Power CC, T/A RE/MAX PREMIER, an Independently Owned and Operated franchise of RE/MAX SA.
