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Property
Description

Property Description

MAUBERN HOUSE is located on 80 & 78 Third Street, Springs Central, Ekurhuleni. This sound investment opportunity comprises of 7 shops at street level - all occupied, plus 16 generous residential units. Perfectly located on a busy main road and conveniently close to all facilities. Taxi Rank, Malls and shops are all close by.

Features

Wholly Owned Block of Flats

16 Apartments

7 Retail Units

Excellent Location - Springs Central Main Central

Fully Let

Gross Income R 105.000.00 P.M.

Rates And Taxes R 5663.27 P.M.

Caretaker R 9000.00 P.M.

Managing Agent R 6000.00 P.M.

Refuse R 4941.69 P.M.

Sewerage R 2404.08 P.M.

Insurance R 2000.00 P.M.*

Prime Investment Opportunity!

No Rental Increase For 5 Years!

Area Description

Springs is a former independent city, on the East Rand, now part of the Ekurhuleni in the Gauteng province of South Africa. It lies 50 km (31 mi) east of Johannesburg and 72 km (45 mi) southeast of Pretoria. The name of Springs derives from a large number of springs in the area; it has an estimated population of more than 121,610 in 2011Springs was divided during the Apartheid era into the middle- and upper-income white suburbs around the city centre, the Indian area of Bakerton east of the CBD, while black people were relocated to KwaThema, southwest of the CBD.

Amenities

Caltex WALTONS GARAGE 0.65 km

BP Africa Paddys Garage 0.79 km

Engen New South Main Convenience Cen 0.87 km

MediCross Springs 0.78 km

Springs Medi Cross 1.09 km

Dr W Drews 1.18 km

South African Police Service - Springs 1.28 km

Veritas College Preparatory School 0.72 km

Protea School 0.59 km

Hoërskool Johan Jurgens 0.67 km

The Avenues Centre - 6th Ave 0.16 km

Veranda Sentrum 0.32 km

The Avenues Centre - 5th Avenue 0.32 km

B J S Risk Assessment & Training Cc 1.67 km

PROPERTY TYPE:
Commercial

PROPERTY ADDRESS:
Mauben House , 80 Third Street, Springs Central - Property Ref: F107214, Johannesburg , Gauteng

AUCTION ADDRESS:
ONLINE ONLY

AUCTION DATE:
2021-10-21

AUCTION START TIME:
12:00

KEY FEATURES

ERF SIZE: 622m2 | GBA: 2000m2


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