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Property
Description

This retail and residential block of flats is a 3 storey building situated along the main thoroughfare of Verona Street at the corner of Short Street in Rosettenville Ext.

The Ground Floor consists of 7 Shops. There are 5 big sized flats each on both the 1st and 2nd floors. There are 2 Storerooms on the Roof Top and 1 in the backyard. The Basement also contains 2 Storerooms. The property has a solid superstructure with a face brick construction. The Roof Top is made of water proofed concrete.

In summary, there are 10 x 1 bedroom flats with lounge and dining room, 7 shops and 5 storerooms. The Gross Monthly Income is R86 394.74 and Net Monthly Income is R67 225.00. Demand for retail and residential flats is very high in this locality.

From a logistics point of view, this corner property is well positioned with lots of high traffic exposure from Verona Street and has easy access to major routes.

The property consists of 2 stands, Zoned Business 1. The total land size is 900 m².  The building is situated on 57 Verona Street at the corner of 42 and 44 Short Street in Rosettenville Ext.

PROPERTY TYPE:
Commercial

PROPERTY ADDRESS:
Rosettenville Ext – Block of Flats with Shops, 57 Verona Street, Rosettenville Ext, Johannesburg, Gauteng

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

AUCTION DATE:
2019-05-30

AUCTION START TIME:
12:00

KEY FEATURES

ERF SIZE: 900m2

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