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GRESSWOLD COMMERCIAL PROPERTY

FULLY LET - DOUBLE APARTMENT BLOCK - 24 UNITS IN GRESSWOLD FOR SALE ON AUCTION

DESCRIPTION:

The property comprises of 2 blocks of residential apartment units. The Property offers 1, 2 and 3 bedroom units that are over 3 floors, with a total of 24 apartments. The property further offers 28 covered parking bays on the ground and basement level, as well as staff rooms. The overall condition is regarded to be average with older type of improvements and appearance.

All the units are currently tenanted and comprises of the following sizes;
- 1 x 1 Bedroom Apartments, measuring 60m2 each.
- 16 x 2 Bedroom Apartments, measuring 110m2 each.
- 7 x 3 bedroom Apartments, measuring 125m2 each.
- 28 x Covered Bays.

Key Features

- GLA: 2 695sqm
- Erf size: 3 018sqm
- 24x spacious units
- 28x covered Bays
- GAI: R2 261 277

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