Property Showcase

Income Generating Property with Redev Potential

Income Generating Property with Redev Potential
Income Generating Property with Redev Potential

Description

Net Annual Income: ยฑ R1,285,068
Improvements: ยฑ 1564mยฒ
2 Adjoining erven with a combined land area of approximately 3.4 ha

Erf 1: ยฑ 1.6 ha improved with a commercial retail hub
7 Active retail shops, currently occupied by tenants and generating rental
income
Established commercial premises with good visibility and established
customer/tenant foot traffic

Erf 2: ยฑ 1.8 ha of vacant land, currently described as agricultural
zoned land
Borehole situated on the property
Septic tank system installed on the property
Solar power initiative/installation, with a solar lease agreement reportedly being secured and to be taken over by the purchaser

Existing improvements provide immediate rental income, while the vacant erf
provides additional development potential.

The property benefits from commercial and industrial-oriented improvements and potential, supported by its strategic location within Onderstepoort

We have not undertaken a structural survey of the above-described improvements

Web Ref: 119418
Opening Bid: R10,000,000
Commercial
680 Lavender Road, Onderstepoort, Pretoria
Pretoria
Gauteng
South Africa

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