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Parktown North, Parktown North, Johannesburg, Gauteng
R 3 495 000
POSITION and bull; POSITION and bull; POSITION Prime corner stand in prestigious Parktown North and ndash; priced to sell and packed with potential. This over 100-year-old character property presents a rare investment opportunity in a high-demand node. With excellent visibility and increasing commercial conversion in the area, this is the ideal acquisition for investors, developers, or business owners looking to unlock value. Featuring wooden floors and original pressed ceilings, the property offers solid bones and authentic charm, ready to be enhanced. While it requires TLC and updating, the upside is clear and mdash; renovate, reposition, and reap the rewards. Flexible Use Potential: Offices / consulting roomsBoutique business premisesMulti-let income-generating propertyOr restore into a large colonial-style residenceProperty Features: 6 Bedrooms (including a self-contained flat)3 Bathrooms2 Lounges2 Kitchens (including a gas stove)Patio and swimming poolSolar power systemRainwater tankExtensive parking with further expansion potentialSituated on a busy, high-exposure corner, surrounded by successful commercial conversions and mdash; including the recently upgraded office suite next door and mdash; this property is perfectly positioned for future growth and strong returns. Opportunities like this are rare and mdash; secure a prime asset, add value, and capitalise on the location.
Estimated monthly repayment
R 33 004
on a R 3 145 500 bond over 20 years at 11.25%
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Parktown North, Parktown North, Johannesburg, Gauteng
Listed by
Palesa Mthembu
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