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Fully Tenanted Block of Flats

125 Meyer St, Germiston, 1400, South Africa
R7,000,000

Detail

Updated on September 1, 2019 at 9:08 am

  • Property Type: Apartment Blocks
  • Property Status: For Sale
  • Income: R179 184 pa
  • GLA: ±1 342m²
  • Zoning: Business 1
  • Extent : ±991m²
  • Bedroooms: 44
  • Bathrooms: 44
  • Reception Areas: 1

Additional details

  • Permitted Use: Residential
  • Municipality: Ekurhuleni Metropolitan Municipality
  • Parking : Street parking

Description

The property located in the Germiston CBD, consists of a two storey building converted for into residential into 44 units including bachelor, 1 and 2 bedroom flats.
The ground floor has 20 units ranging from ±19m² to ±42m².
The first floor has 24 units ranging from ±18m² to ±44m²
Each unit has a small kitchenette and bathroom. Electricity is provided to the units on a pre-paid basis. A nominal fee is charged for communal electricity, refuse and sewerage. The units are accessed via staircases.
Improvements are completed in face-brick and ceramic tiles providing a low maintenance finish. A central court yard provides light to the central units.
Burglar bars on the windows and doors provide security, with secure access through a main gate into a communal entrance hall.

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