Centurion, Gauteng, ZA, 0157 For Sale Price ZAR 9 500 000 Type of property Commercial property Rates and Taxes ZAR 10 000 per month Main Features Bedrooms 18 Bathrooms 5 or more Living Areas 6 Land Area 5 200m2 Property Features Braai area Burglar bars Car port Deck Established garden Fenced all round Jacuzzi Off-street parking Patio Swimming pool Location Schools nearby Shops nearby University Property Description Description The property package encompasses three adjacent residential properties used for income generation, further earmarked by the owners for rezone and high density development. Current zoning is Residential 1 on all three, with municipal guest house permission over two of the properties. Income is generated mainly from medium term accommodation, with one floor of the one building and adjacent outside areas leased to a child care facility. The current gross monthly income totals around R85,000 with room for improvement utilising owner occupied and unused areas, with low financial input. The main properties are on prepaid municipal electricity feeds, with one three-pahse and the other two single-phase. Water, sanitation and other municipal services are established for all. The existing buildings have been divided into different self-contained units, each with bathroom and kitchen facilities, varying from rooms with shared areas, self-contained bachelor, one-bedroom and two-bedroom units. Most units have own geysers fitted, with only a few still sharing. Electricity for the units is managed via prepaid sub-meters on individual DB's. Some units are fitted with postpaid water sub meters, but not all. Parking is on site but mostly uncovered, with 2 x single and 1 x tripple carports available. Another double carport needs attention. Apart from the guest house approval, some steps have been taken towards rezoning for further development: drilling and geo reports; architecture SDPs; discussion with City Planning regarding the feasibility of the development, ideas, notes and descriptions of the development plan. The initial aim was to rezone to Residential 4; however, we found that to be limiting, opting for Special Use instead. The properties are still very much residential orientated and can also be utilised for extreme extended family occupancy, student accommodation, or any other combination of residential and home-business uses. NOTEs: -- The outside and some inside areas leave room for personalisation, although no immediate attention is required for adequate functioning. The main focus to date has been on keeping the accommodation units in a commercially viable state. -- Preferably no agents, unless proven experience with this type of sale. Map Location -25.8527567, 28.1941785 Advertiser details Contact options 1 Listed by Private Listing Contact me WARNING: Before making any payments, including deposits, ensure that you have physically viewed the property and verified the legitimacy of the individual(s) you are dealing with. When working with an agent, always confirm their legitimacy and registration with the Property Practitioners Regulatory Authority. The agent should be able to provide their Fidelity Fund certificate upon request. By using this website, you agree to and accept our terms of use. Title Your Name Contact me via? PhoneWhatsAppSMSe-mail Your Email Enter your e-mail address (optional) Phone number Subject Message Is this still available? This question is for testing whether or not you are a human visitor and to prevent automated spam submissions. Leave this field blank Report this listing
