• 54
  • 26
  • 1 239 m2

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Mun. Rates & Taxes: ZAR 5800.00

Property description

Opportunity in Germiston Central: 18 Apartments with Shops Needing Tender
Loving Care 

Introduction: Nestled in the heart of Germiston Central,
this property presents an exceptional investment opportunity for those with a
keen eye for potential. Comprising 18 apartments and several ground-level
shops, this real estate gem is waiting for a rejuvenation project that will
breathe new life into the heart of the city. 

Property Overview: 

  • Location: Germiston Central,
    Gauteng, South Africa 
  • Property Type: Residential and
  • Total of ; 2 bachelors, 10 one bedrooms 4 two bedrooms, 2 three bedrooms, 4 shops , 28 rooms rooms, 6 showers , 8 toilets
  • Condition: In need of renovation and

Property Description: This property consists of a mixed-use
building with 18 apartments , 28 rooms and several shops located on the ground floor.
While its current condition requires some tender loving care, the potential for
profit and transformation is boundless. 

Apartments: The 18 apartments offer a variety of floor
plans, ensuring flexibility for potential buyers or investors. With their
spacious layouts, these units have the potential to be transformed into modern,
attractive living spaces. The location in Germiston Central is highly
convenient, offering residents access to a wide range of amenities and
transportation options. 

Shops: The ground-level shops provide excellent rental
income opportunities. With some renovation and a strategic tenant mix, these
spaces can cater to various commercial enterprises, enhancing the property's
overall value. 

Location: Germiston Central is a bustling hub with a rich
history and a vibrant community. Situated in close proximity to essential
services, public transportation, and recreational facilities, the property's
location is its primary selling point. 

Investment Potential: 

  1. Renovation Opportunity: The property
    is in need of restoration and modernization. A thoughtful renovation can
    significantly enhance the value of both the apartments and commercial
    spaces, allowing for increased rental income. 
  2. Rental Income: Germiston Central's
    high demand for rental properties makes this an ideal investment for
    passive income seekers. Once refurbished, the apartments and shops can
    generate a steady stream of rental income. 
  3. Growth Potential: Germiston Central
    has seen urban revitalization in recent years, and property values are on
    the rise. Investing in this project presents the opportunity for
    substantial capital appreciation over time. 

Conclusion: For those
with an entrepreneurial spirit and a vision for potential, this property in
Germiston Central represents an incredible opportunity. With 18 apartments and
multiple shops in need of TLC, a well-executed renovation can breathe new life
into the building, ensuring long-term profitability and growth. Don't miss out
on this prime investment opportunity to transform Germiston Central's landscape
and your financial portfolio. 

Property Details

  • 54 Bedrooms
  • 26 Bathrooms

Property Features