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Property
Description

Property Description

HEATHGATE is well positioned on 258 Smit Street, Joubert Park, Johannesburg. The building is neighbouring Park Station & Gautrain Terminal. Its’ ideally located in Central Johannesburg and would make excellent student accommodation or one-bedroom units. In total there are 56 studios with two sets of communal ablutions on each floor, 24 of the studios have balconies. This 6-storey block of flats is wholly owned and un-sectionalized. There is also retail space available at the front of the property. With it being on the main road it would be feasible to attract retail tenants for a spaza or similar setup. Water and electricity are metered and recovered for each unit. The building has no parking garage. A single lift shaft is available; however, the lift is not operational. The property is kept tidy and generally quiet. 

Features

Land size 285 m2

56 Rooms, 2 communal bathrooms on each floor

24 Balconies

Neat and well managed

GLA 800* m2

Zoning - Commercial

Excellent location 

High density

Gross Income R 111.597.00* p.m.

Expenses R 16.368.57* p.m.

Net Income R 95.228.43* 00 p.m. 

Note: (*) values with an asterisk are estimated

Area Description

Joubert Park is a suburb of Johannesburg, South Africa. It is located in Region 8. The suburb shares its name with the largest park in the Central Business District, which is located a few blocks from the main train station for the city (known as Park Station in the early years). Joubert Park is also the location of the Johannesburg Art Gallery.

Amenities

Exel - Aeroton 0,44 km

BP Glenrob Motors 0,49 km

Caltex Escom Auto Services 0,59 km

Gautrain Parking 0,80 km

Gautrain Johannesburg Station 0,39 km

Zuzimpilo Clinic 0,85 km

Joburg Medical Centre 1,03 km

Nelson Mandela Children's Hospital 1,76 km

Saps - Hillbrow 0,68 km

Police Saps - Cultural Precinct - Newtown 1,66 km

Police Saps - Bank City 1,73 km

Progressive Primary School 0,27 km

Modiri High School 0,06 km

Saint Edna's Secondary School 0,27 km

The Bridge Shopping Centre - East 0,37 km

Park Central 0,55 km

Highpoint Shopping Centre 0,61 km

Izenzo Kunge Mazwi Community College 0,54 km

Mbowa College 0,64 km

Afro-Kombs College 0,70 km 

 

Property Reference Number: F105849

Registration Details

Refundable Registration Deposit: R10 000

When your deposit reflects in our account, you will be approved to bid.

To view our registration and payment details, click here.

PROPERTY TYPE:
Commercial

PROPERTY ADDRESS:
Heathgate, 258 Smit , Joubert Park - Property Ref: F105849, Johannesburg , Gauteng

AUCTION ADDRESS:
ONLINE ONLY

AUCTION DATE:
2020-07-15

AUCTION START TIME:
14:00

KEY FEATURES

ERF SIZE: 285m2 | GBA: 800m2

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