Commercial for sale
High-return investment minutes from major tertiary institutions and transport hubs, with 25 fully occupied two-bedroom apartments, offices, on-site car dealership and wash bay, plus 1000m²+ expansion potential.
MIXED USE COMMERCIAL - GB4 ZONING - FULLY SECTIONALISED.
Great Location close to major Tertiary Institutions with Transport routes on your doorstep.
THIS PRIME PROPERTY OFFERS AN EXCELLENT YIELD AND CONSISTS OF :
* 25 X 2 Bedroomed Apartments (77 to 81m2.) 100% Occupancy with waiting list. Prepaid Elect & Water meters. Elevator. Excellent Security.
* Offices - Can be converted back to Apartments, approx 330m2.
* Successful Car Dealership with registered FSP licence, linked to all banks
* Wash Bay with own water, Offices, Workshop
* Tenanted Shop
* 5 Double Garages
* 11 Open Parking Bays, 2 Covered Bays
FURTHER OPPORTUNITIES :
Bulk factor allows an additional 1000m2+ : Build another floor or extend at back.
Further Rental income potential
Large apartments make Conversion to Student Accommodation an option
Building plans, Zoning Certificate, Rental Roll, Service Provider Agreements, Financials - Available to serious buyer.
Fully Tax Compliant.
Excellent net profit secures this as a first-rate investment.
EXCLUSIVE SOLE MANDATE
Listed for sale at R37,800,000
Price reduced by 1.6% to R37,200,000
Vasco Estate is a centrally located, established residential neighborhood in Goodwood that offers residents convenient access to major transport routes, essential amenities, and a practical suburban lifestyle.
