Orange Grove - Property Ref: f108780

Property
Description

Property Description

Positioned along Louis Botha Avenue, this mixed-use residential block comprises 12 residential apartments – four one-bedroom units on the ground floor and eight two-bedroom units across the upper levels – together with three street-facing retail shops. Four rooftop domestic quarters add to the property’s income-producing potential. The building has already undergone approximately 15% of its refurbishment, allowing a purchaser to complete the redevelopment to their own specifications. The property is currently offered on a 100% vacancy basis and presents a value-add opportunity combining residential accommodation with retail frontage. The property is offered for sale by auction. Any reference to development, redevelopment, refurbishment or alternative use reflects the property’s potential only; prospective purchasers must conduct their own due diligence and satisfy themselves as to permissible use, zoning rights, and the cost and feasibility of any works, as no warranties are given in this regard.

Features

Property type: Block of Flats (mixed use)

Total number of units: 12 (four one-bedroom ground-floor units and eight two-bedroom upper-level units)

Three street-facing retail shops

Four rooftop domestic quarters

Parking: 5

Staff quarters: Yes

Vacancy rate: 100%

Stand / erf size: 753 m²

Property potential: fill vacancies, refurbishment / value-add, under-market rentals

Overall condition: Fair

Walls & structure: Fair; Roof: Fair; Flooring: Fair; Parking area: Fair

Electrical: Poor; Plumbing: Poor; Windows & doors: Poor; Exterior / facade: Good

Known issues: structural alterations

Condition details are provided for general guidance only and are not warranted. Prospective purchasers must satisfy themselves as to the condition of the property through their own inspection and due diligence.

Area Description

Orange Grove is an established, well-located suburb in the north-eastern part of Johannesburg, set close to Louis Botha Avenue (the M11), a major arterial route that links the Johannesburg CBD with Houghton, Sandton and the northern suburbs. The area combines older residential housing with active street-front retail and commercial activity, and benefits from public transport along the corridor as well as ready access to surrounding business and shopping nodes. Its central position offers convenient connectivity to nearby suburbs including Houghton, Killarney, Norwood and Rosebank.

Area Amenities

Orange Grove Park – 1.2 km

Netcare Linksfield Hospital – 1.8 km

Netcare Linkwood Hospital – 1.9 km

Killarney Mall – 2.5 km

M1 highway access – 3.8 km