3,460m² Apartment Block For Sale in Philip Nel Park

R19,845,000

Web Ref No ORC1061

Residential Commercial Space for Sale in Philip Nel Park

Nestled in a prime location come to discover a prime investment opportunity at 794 Van Dam Street, Philip Nel Park with a combined size of approximately 7150m² yard size. Priced at R19 845 000, this property promises a projected income of R4 116 000 p/a and allowance for expenses is 25% (-R1 029 000). The fees covers annual Rates, Insurance, Care Taker fees and more leaving you with a nett income of R3 087 000p/a making it an excellent addition to your portfolio.

Mia's Place Offers:
2 (Three-bedroom Apartments)
24 ( Two-bedroom Apartments)
5 (One-bedroom Apartment)
2 (Studio Apartments)

Potential tenants and guests will appreciate the serene environment combined with the accessibility to key business and leisure hubs in Gauteng. Each unit has tiled floors, natural light, and spacious kitchen and bathroom facilities, ensuring comfort and convenience for tenants. The property also boasts ample parking space, catering to the needs of residents and visitors alike.

Don’t miss out on making this Commercial Property your lifetime investment—schedule a viewing today and experience everything it has to offer!

Features

Building Name Mia's Place
Zoning Commercial
Monthly Rates R9,800.00pm Excl. VAT
Monthly Levy R7,504.25pm Excl. VAT
Floor Size 3,460m²
Land Size 7,150m²