Property description

Exceptional Income-Generating Commercial Property in Turffontein

Presenting a unique investment opportunity, this substantial corner property in Turffontein, Johannesburg, is a fully rented, multi-rental building designed for significant income generation. Strategically located within a metropolitan and suburban setting, it offers convenient access to essential amenities including schools, shopping centres, and main transport routes, making it highly attractive to tenants.

This impressive double-storey building boasts a diverse range of rental units. The ground floor features three active retail shops, six versatile backrooms, and two self-contained cottages, each comprising a bedroom, kitchen, lounge, and bathroom. Ascending to the first floor, you will find four spacious rooms and an additional full cottage, mirroring the ground floor's comfortable layout. A notable feature of the first floor is a large hall, currently leased by a church, capable of accommodating over fifty people.

With a total of ten-plus bedrooms across its various units, alongside the three shops and three cottages, this property is currently fully rented, generating an impressive income exceeding R40,000 per month. The building's design, originally conceived as a private hospital, is evident in the thoughtful layout where all rooms are structured with doors facing a central hallway, enhancing privacy and accessibility. The exterior includes well-maintained walkways leading to the spacious cottages, offering tenants a pleasant environment.

This property offers a solid return on investment and the potential for further personalisation to enhance its value. It represents a compelling acquisition for investors seeking a robust, income-producing asset in a well-established area. Early viewing is highly recommended to fully appreciate the scope and value of this unique offering.

Key Features

• Prime Corner Property
• Multi-Rental, Income-Generating Asset
• Three Ground Floor Shops
• Ten-Plus Bedrooms Across Various Units
• Three Self-Contained Cottages
• Large Hall Rented by a Church
• Monthly Income Exceeding R40,000
• Fully Rented with Strong Occupancy
• Strategic Turffontein Location
• Potential for Personalisation