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Property
Description

This Commercial Property Portfolio Is Being Sold As Matter Of Urgency, The Sale Must Be Concluded In Order For The Estate To Be Wound Up. These Buildings Are Structurally Sound, And Very Well Built. All The Living Areas Are Spacious Offering Plenty Of Opportunity To Increase Capacity. 
Located Within Close Proximity To Uj Campus, The Buildings Comprise Of 21 Apartments:

-    12 Hampton Ave Leonora Hof:
             5 X 2 Bedroom Flats

-    14 Hampton Ave Cor Hof:             
             1 X Bachelor Flat
             1 X 1 Bedroom Flat
             4 X 2 Bedroom Flats

-    16 Hampton Ave Pieter Hof:          
             1 X Bachelor Flat
             1 X  1bedroom Flat
             4 X 2 Bedroom Flats

-    20 Hampton Ave Chalet                 4 X 2 Bedroom Flats
    
Each Block Has Domestic Quarters With Own Entrance. Typically Located On The Side Of Each Block. There Is Ample Parking Space Available. And Plenty Of Room For Potential Additions To The Buildings. Most Of The Units Are Currently Occupied, By A Mixture Of Students And Working Occupants. Although Rental Per Apartment Is Somewhat Market-related, There Is Still A Margin For Escalation. If The Focus Can Shift To The Student Segment, Rental Income Can Be Increased Significantly As The Properties Can Take More Beds.

These Blocks Are Also In Close Proximity To St. Helen Joseph Hospital, Which Is Currently Undergoing Major Redevelopment. This Node Of Auckland Park Is Set To Be A Hotspot In The Rental Market Over The Longer Term. As A Redevelopment Project, This Is A Truly Unique Opportunity In The Area. Zoning Is Residential 4, Higher Value Can Be Derived Through Creative Redevelopment. With 3 Of The Stands Adjoined, The Consolidated Footprint Is 1344 M². Suitable For High Rise Residential Development In The Area.

PROPERTY TYPE:
Commercial

PROPERTY ADDRESS:
Corhof / Pieterhof / Chalet & Leoncrahoff, 12 / 14 / 16 / 20, Hampton Avenue, Brixton, Johannesburg, Gauteng

AUCTION ADDRESS:
Masingita House, 41, West Street, Houghton, Johannesburg, Gauteng

AUCTION DATE:
2019-12-10

AUCTION START TIME:
12:30

KEY FEATURES

ERF SIZE: 1784m2

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