Investment Apartment Block in Germiston CBD FOR SALE - 489 m² - Germiston

Friday, 3 November 2017

Item details

City: Germiston, Gauteng
Offer type: Sell
Price: R 9,000,000
Full Square, m²:489


Contact name 0728989523
Phone 0824431519

Item description

Investment Apartment Block in Germiston CBD FOR SALE - 489 m²
A total of 47 Bachelor fully tenant apartments with Rental ranging from R 1.500.00 to R 2 800.00
Levies R 450.00
Sewerage -R 1.125.00
Refuse- R 266.00 to each tenant's account
Primary Use Residential
Walls Face brick and painted plaster
Ceilings Concrete ceilings
Condition The property has been completely refurbished. The building requires minor attention with regards to repairs and maintenance. It should be noted that we have not undertaken a structural survey of the above described building.
Accommodation The property has been converted into 47 bachelor flats complete with kitchenette and bathroom. Each apartment enjoys comfortable security with security gates on the doors and windows together with a main entrance with a security gate that limits access to the buildings. The property has been completely refurbished with new tiles, paint, bathrooms and kitchens and little maintenance is required Tenancy Property is tenanted
The property is located in the CBD of Germiston on the corner of Meyer and Simmer Streets near the train station. The immediate area is in the process of being revamped into high density residential units to accommodate the oversupply of tenants looking for affordable accommodation. The property is located just 2 blocks from the main shopping centre and business district of the Germiston CBD.
Various amenities are located in the general area such as shops and medical facilities. All municipal services are available in the area and are functional.
GPS co-ordinates for the site is: S 26°12'40.36" E 28° 9'39.01"
Asking Price: R 9 Million.
Contact Aubrey now on 084 520 7977 or email