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R 5 000 000

Commercial Property for Sale in Primrose

Primrose, Germiston

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680 m²
- m²: 680 m²
- Hectares: 0.068 ha
- Acres: 0.168 acres

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Versatile Investment Property with Residential and Retail Income Potential

This unique property offers a blend of residential and commercial opportunities, making it a prime investment choice. The residential section includes 7 one-bedroom flats, each featuring a kitchen, toilet, and lounge, along with a spacious two-bedroom flat.

The commercial section consists of 6 fully tenanted retail shops, ensuring a steady income stream. Additionally, there are 7 storage cubicles currently used by the owner for personal use, but with the potential to be converted into additional residential units for increased rental income.

For investors looking to expand, there is also the opportunity to build additional residential apartments on top of the storage units, unlocking even more revenue potential.

The property is fully secured with burglar bars, and all units operate on pre-paid electricity for easy management.

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Listing number: P24-115040494, Image number: 1, Residential unit

Listing number: P24-115040494, Image number: 2, Bedroom

Listing number: P24-115040494, Image number: 3, Bedroom

Listing number: P24-115040494, Image number: 4, Bedroom

Listing number: P24-115040494, Image number: 5, Kitchen

Listing number: P24-115040494, Image number: 6, Kitchen

Listing number: P24-115040494, Image number: 7, Bathroom

Listing number: P24-115040494, Image number: 8, Bathroom

Listing number: P24-115040494, Image number: 9, Corridor

Property Overview

Listing Number

115040494

Type of Property

Commercial Property

Lifestyle

Metropolitan, Suburban

Listing Date

08 October 2024

Erf Size

680 m²

Levies

R 605

Rates and Taxes

R 2 600

Facilities

Bedrooms

Bathrooms

Kitchens

External Features

Parking

Other Features

Security

Security Gate, Safe

Nearby Public Transport

Bus, Minibus Taxi

Points of Interest

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