Going On Auction: Tuesday 16 April @ 12:00 Noon
Auction venue: Masingita House, 41 West Street, Houghton estate
This neat and well-managed property comprises of a double storey building with 17 apartments, 12 retail shops, office block, car wash, ample parking space measuring 2727m² under roof.
The residential component of the building comprises 17 apartments developed on both levels of the building.
The 17 apartments are made of 8x2 bedroom units, 4x1 bedroom units and 5x1 bachelor units.
Each unit has kitchen, full bathroom and an open plan lounge.
All 17 units have access to a private parking area.
The units are accessed via a centralised staircase at the back of the building.
All retail shops are situated on the ground floor with street frontage.
The shops are currently on long and renewable lease agreement. Additional improvements:
There is an office with a reception, waiting area, boardroom, kitchen, full bathroom and main office measuring 160m².
An enclosed parking area with access control gate provides secure open parking for tenants.
The property has been meticulously maintained and newly painted to keep maximum return.
Opposite the building, there is an enclosed car wash with a seating while the washing is taking place.