Web Ref No RL18388

Prime DEVELOPMENT and INVESTMENT opportunity to acquire this entire building with 900m2 open space to develop - located in Florida, near Florida Lake.
Start by purchasing 2 units in this building which comprises 4 sectional title units, each measuring 81 m2, along with 4 garages and external ablutions, all situated on a 1500m2 plot. Two units are located on the ground floor, and two are on the first floor. There is ample room for expansion, with the current top structures positioned to one side of the property. The 4 garages have the potential to be converted into rooms with shared ablutions, which could be rented out for between R1800 and R2000 per month. When combined with the rental income from the 4 flats, this could generate a projected gross income of R28,000 per month for the building.
The current top structures are positioned on the property in such a way that there is approximately 900m2 empty space for additional development. One can add additional flats or residential containers very easily so that you can increase the efficiency of the property. This would provide substantial additional rental income on land that will cost you nothing
Located in the highly sought-after residential area of Florida, this property holds potential for additional development due to its high-density nature. For additional and detailed information, please don't hesitate to contact us.