Developers opportunity
Well situated between Delmas and Springs, you will find this property, ideal for developing townhouses.
The property does need attention.
Already on this 6971m2 property, there are 5 units, which are as follows:
– 4 x 2 bedroom units, with bathroom, lounge, and kitchen
– 1 x 4-bedroom unit, with bathroom, kitchen, and lounge
– Each unit with own carport
– Each unit with a prepaid electrical meter
– Still some old steel ceilings and wooden floors in some rooms
There is much more space, which can be used for more development. The property has been rezoned for the development of another 23 units. The above units currently provide a monthly income of R25000. More to this property is a cellphone tower, which provide a yearly income
Take a chance!