The property consist of the following:
The ground floor commercial retail space measures +- 904 sqm
The building also offers a roof-top cell phone tower lease generating majority of the rental income
Office space of 416 sqm x 4 floors...
The property consist of the following:
Great student accommodation potential or convert the office space into apartments for rentals.
The building can provide 40 double rooms and can accommodate 80 students
The income potential is R3500 x 80 =...
The site consists of 4 derelict dwellings
(two dwellings are on Havelock Street and two dwellings are on Parliament Street).
The developer can use the existing foundation and rebuild a block of apartments for rentals or a student accommodation....