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R 11 500 000

Commercial Property for Sale in Melville

Melville, Johannesburg

Contact broker for street address

1 328 m²

Contact Broker

Theo Potgieter

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Prime Investment Opportunity in the Heart of Melville. Possible conversion into student accommodation 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...

Listing number: P24-114407512, Image number: 1

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Property Overview

Listing Number

114407512

Type of Property

Commercial Property

Description

Retail

Lifestyle

Student Accommodation

Listing Date

15 May 2024

Erf Size

748 m²

Floor Size

1328 m²

Rates and Taxes

R 5 400

Price Per Parking

R 300

Facilities

Bathrooms

Kitchens

Building

Building Name

Apartments

Multi Tenanted

Yes

Style

Traditional

Facing

Street Front

Wall

Plaster, Concrete, Face-brick

Window

Steel

Number of floors

Other Features

Security

Security Gate, Burglar Bars

Nearby Public Transport

Bus, Minibus Taxi

Internet Access

Fibre

Points of Interest

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