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POA

Commercial Property On Auction in Delarey

Lantana, 650 Ontdekkers Road, Delarey, Roodepoort

AUCTION

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Pnina Spinner

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Delarey - High Exposure Apartment Block With Retail

Situated at the highly sought-after address of 650 Ontdekkers Road in Delarey, this mixed-use investment property presents a compelling opportunity for both income generation and future value growth. The property features a durable facebrick facade, offering long-term aesthetic appeal and minimal maintenance requirements. Comprising 10 generously sized residential apartments and 7 retail shops, the building benefits from its prime main road frontage, ensuring excellent visibility and a steady flow of foot traffic. The premises are exceptionally well-maintained, providing a clean and professional environment that appeals to tenants and visitors alike. Generating a gross annual income of R810,312, the property delivers a solid foundation for consistent returns. Additionally, there is significant potential for increased revenue through the lease-up of vacant units,...