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Development Potential in Randburg

Office, Buy | South Africa, Gauteng, Randburg, Ferndale

8.400.000 ZAR

Approx. 418.970 EUR

Price

4,025 m²

Plot surface approx.

8.400.000 ZAR

Approx. 418.970 EUR

Price

E&V ID ENV164914

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What you should know about this property

Bedrooms 11
Bathrooms 5
Living area approx. 750 m²
Plot surface approx. 4,025 m²
Parking Bays 5

Amenities and special features of this property

This investment opportunity is located in a prime location with excellent potential for growth and profitability. The large main building and additional cottages provide ample space for a guest house or B & B, with the option to convert to rental units for added income. The spacious parking area is a major plus for guests and tenants, offering ample space for vehicles. The existing plans for converting to an apartment complex also offer a unique investment opportunity for those looking to enter the real estate market. With a 4015 sqm stand, there is plenty of room for expansion and development. This property is ideal for investors looking for a turn-key investment opportunity with endless growth and return on investment potential.

Main Accommodation
3 Bedrooms
2 Bathrooms
Lounge
Kitchen
Dining Room
Private Garden
Undercover Parking

Cottage
1 Bedroom
Lounge
Bathroom

Bachelors Unit
1 Bedroom
Bathroom
Kitchen

Building 4
Dining Hall
Additional Dining Area
Training Room
Training Room
Kitchen
Outside Eating Area
Ablution Facilities

Building 5 Downstairs
Training Room
Training Room
Reception and Office

Building 6 Upstairs
Call Centre
Call Centre
Ablution Facilities

Grounds & Common Areas
5.5kVA Inverter
Large Manicured Gardens
Ample Paved Parking
Pond / Pool

Possible Client Description
Place of Worship
This property lends itself to be an ideal place of worship and offers enough options for counselling rooms, classrooms and accommodation.

Cottage School
The property is already set up as a training centre and offers several classroom layouts, with admin, dining areas, kitchen and ablution facilities.

Student Accommodation
The property's unique layout allows the buyer to convert the 6 buildings into income-earning student accommodation.

Training Centre
The property is already running as a Training Centre with various options to accommodate learners in several training rooms at the same time.

Randburg is a vibrant and bustling suburb in Johannesburg, South Africa, known for its diverse range of amenities and attractions. The suburb is popular with families, young professionals, and retirees alike, thanks to its mix of old and new homes and its proximity to popular shopping areas, restaurants, and nightlife hotspots.
In addition to sporting facilities like Diggers and Randburg Sports Club, there are also several parks and open spaces in the area, perfect for outdoor enthusiasts and those who enjoy picnicking, hiking, and nature walks.
Overall, Randburg is a great place to live, work, and play, with something to offer everyone.

Only pre-qualified Buyers will be entertained. Finance options are available, but banks might require a deposit.

Registered with the PPRA.