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Alberton – Apartment block With Retail Rare investment opportunity

CONTACT AGENT

Marco Gaspar
Expert Agent 076 548 4951 marco@auctioninc.co.za 011 268 2681

CONTACT AGENT - 

Marco Gaspar | 
Expert Agent

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2018-06-27 11:30 2018-06-27 12:30 Africa/Johannesburg Auction for Alberton – Apartment block With Retail Rare investment opportunity Auction for Alberton – Apartment block With Retail Rare investment opportunity happening at 34 Charl Cilliers Avenue, Alberton, Gauteng, 34 Charl Cilliers Avenue, Alberton, Gauteng, Marco Gaspar marco@auctioninc.co.za

Property Details

Property Type: residential

Bedrooms: 33

Bathrooms: 19

Garages: 12

Description

Auction on site: 34 Charl Cilliers Avenue, Alberton

Wednesday 27th June @ 12:30

Viewing and registration from 11:30 am

 

This neat and well-managed property comprises of a 3 storey face brick structure with 19 apartments, 3 retail outlets and 12 garages.

Apartments:

  • The residential component comprises of 19 apartments developed on all 3 levels.
  • The 19 spacious apartments are made up of 6 x 1-bedroom units, 1 x 3-bedroom unit and 12 x 2-bedroom units
  • Each unit has a kitchen, a full bathroom and an open plan lounge and dining area
  • The 3 ground floor units have access to an enclosed private garden.
  • The units are accessed via a centralised staircase at the back of the building with the enclosed parking area.

 

Retail:

  • Situated along the ground floor with street frontage are 3 shops
  • One of the shops is currently let out to a long-standing tenant
  • The remaining portion is interlinking and subvisible with an estimated rental income potential of R18 000.00
  • The corner shop has roller shutter door access to the street level.

 

Additional amenities and improvements

  • There are 12 garages which are let out to tenants and provides an additional income stream
  • A washing drying area has been developed above a large storeroom and ablutions for staff with direct access to the 1st floor
  • An enclosed parking area with access control gate provides secure open parking for tenants

 

Other:

  • The property has been meticulously maintained and due to the face brick construction, maintenance costs are kept to a minimum.
  • The site is surrounded by newer developments, also comprising multi-storey apartment blocks, which is indicative of demand
  • The property investment type category is currently in demand based on strong rental demand
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Auction Details

Auction Address: 34 Charl Cilliers Avenue Alberton Gauteng

Auction Date: 2018-06-27

Viewing Start Time: 11:30

Auction Start Time: 12:30

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