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9 Bedroom Freehold For Sale in Overport

R4,700,000


Monthly Bond Repayment R48,512.85
Calculated over 20 years at 11% with no deposit.

Web Ref No TPR22080

PRIME SITE FOR DEVELOPMENT IN THE HEART OF OVERPORT

This prime property, located just 200 meters from The Atrium Shopping Centre on Peter Mokaba Ridge Road in the high-demand Overport area, presents an excellent investment opportunity. It currently features a house and a double-story outbuilding that has been converted into medical rooms.

House:
Two sections:

Section 1: Includes 2 rooms, a reception area, and a bathroom.

Section 2: Features 2 rooms, a large kitchen/room, reception area, bathroom, and a separate toilet.

The house is currently occupied by two tenants, making it a stable income-generating asset.

Outbuilding:
Upstairs: Comprises 3 rooms, a reception area, a kitchen, 2 bathrooms, and a small balcony.

Downstairs: Contains 2 rooms, a reception area, a kitchen, and a bathroom. The downstairs unit is currently vacant, offering an opportunity for immediate use or rental.

Parking:
Provides space for about 8 cars, ensuring ample parking for tenants or visitors.

Location & Surroundings:
Situated next to other properties that have been converted to commercial use, as well as sectional title developments, the property enjoys a prime location in a high commercial demand area. This makes it ideal for use as offices (business brokers, business sales), medical rooms, or other commercial purposes.

Investment Opportunity:
This is a fantastic chance to own property in a high-demand area, where you can avoid paying high rents for A-grade office spaces. Whether you're looking to use the space for your own business or lease it out, this property offers great potential for both.

Key Features:
Prime location within close proximity to The Atrium Shopping Centre.

Commercial zoning ideal for businesses, medical practices, or offices.

Existing tenants and an available unit for additional income or occupancy.

Potential for future growth and development in a high-demand area.

If you're seeking a property that combines commercial viability, tenant income, and the chance to own your space, this is an opportunity you don’t want to miss.

Features

Bedrooms 9
Bathrooms 5
Flatlet 1
Recep. Rooms 4
Study 2
Floor Size 250m²
Garages 2
Land Size 591m²
Carports/Parkings 8
Monthly Rates R4,800.00

Agent Contact Details

Mohammed Vahed
Tyson Properties Morningside Office

Cell 082 440 5270
Office (031) 3129500
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