Potential in abundance awaits the new owner of this well positioned site spread over 3229 sqm. Three Grade 3C Heritage buildings consisting of 16 single level apartments, varying from spacious bachelor to cosy 1-bedroom units, currently offer a potential rental income in excess of R100k per month.
The cleared GR2 zoned site behind these buildings is ready for development with approval for a 2-storey building. Ideally this can be developed into an apartment block, retirement centre, educational centre, school etc. With so much growth and development happening in the vibrant and upcoming CBD area, the position is ideal. Should additional neighbouring development ground be required, it can be negotiated.
Please contact me for a personal viewing and more detailed information. This is
an excellent business proposition!
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