Please note that you are using an outdated browser which is not compatible with some elements of the site. We strongly urge you to update to Edge for an optimal browsing experience.

R 11 500 000

18 Bedroom House for Sale in Melville

Melville, Johannesburg

Contact agents for street address

18
18
738 m²
- m²: 738 m²
- Hectares: 0.074 ha
- Acres: 0.182 acres

Contact Agents

Theo Potgieter

Show Contact Number

Edith Bekker

Show Contact Number

Prime Investment Opportunity in the Heart of Melville Unlock the potential of Melville's vibrant real estate market with this exceptional apartment block, ideally situated in the bustling heart of the city.

This outstanding property boasts 18 well-appointed apartments coupled with 4 high-traffic retail shops, each reflecting a commitment to quality and convenience. The yearly net income is around R1.18 mil. Possible opportunity to turn into student accommodation.

Property Highlights:

• Strategic Location: Nestled in the dynamic area of Melville, this property offers easy access to major transportation routes, walking distance from the University of UJ and Wits, popular dining, shopping, and entertainment options, enhancing tenant appeal.

• Profitable Investment: With a high occupancy rate and a proven track record of profitability, this asset promises a substantial and steady income stream from both residential and commercial units.

• Well-Maintained Units: Each apartment has been maintained and is in a good condition, minimizing the need for immediate repairs and...

Bedrooms: 18

Bathrooms: 18

No Pets Allowed

Listing number: P24-114407430, Image number: 1

Listing number: P24-114407430, Image number: 2

Listing number: P24-114407430, Image number: 3

Listing number: P24-114407430, Image number: 4

Listing number: P24-114407430, Image number: 5

Listing number: P24-114407430, Image number: 6

Listing number: P24-114407430, Image number: 7

Listing number: P24-114407430, Image number: 8

Listing number: P24-114407430, Image number: 9

Property Overview

Listing Number

114407430

Type of Property

House

Listing Date

15 May 2024

Erf Size

738 m²

Rates and Taxes

R 5 400

Pets Allowed

Rooms

Bedrooms

Bathrooms

Other

Tiled Floors, Parquet Floors, Balcony, Curtain Rails, Open Plan

External Features

Outbuildings

Points of Interest

Bond Calculator

*Disclaimer: Please note that by default this calculator uses the prime interest rate for bond payment calculations. This is purely for convenience and not an indication of the interest rate that might be offered to you by a bank. This calculator is intended to provide estimates based on the indicated amounts, rates and fees. Whilst we make every effort to ensure the accuracy of these calculations, we cannot be held liable for inaccuracies. Property24 does not accept liability for any damages arising from the use of this calculator.