Passive Income! Very Stable.
Prime area and Property in an excellent condition!
More than 2600 Sqm of 44 Residential Flats fully let, 706 Sqm full commercial and retail GLA, +- 3600 outside buildings, +- 2500 Sqm under cover car stand area fully let.
The subject property is located in the suburb of Wonderboom South, bordering Gezina to the South.
Wonderboom / Gezina is popular for its busteling motortrade and small retail and mixed use properties. This property is situated within a strong middle to lower class residential node and therefore enjoys strong buyer power for the small retail sections and together with a good demand for accommodation, this property is ideally situated on the corner of Voortrekker and Fred Nicolson st.
The aforementioned displays the optimal setting that the property boasts. Being based in close proximity to the Pretoria CBD, the property offers easy access to all the main roads and major freeways in the area leading to Centurion, Johannesburg and Krugersdorp, Laudium and Pretoria The property comprises of a four-storey mixed residential and retail building. The buildings is of good quality and sound structure. The outer façade of the property is brick and does not require intensive upkeep.
The property is currently not fully bulked, but this will have to be confirmed at the council.
No building areas are recorded, but when one of our valuers inspect the property, they will do a full measurement of the building.
The let ability and sale ability of the property is regarded as high. The location of the property once again is a prominent factor in this regard coupled with the demand of these types of buildings.
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