780m² Building For Sale in New Doornfontein
INVESTMENT OPPORTUNITY IN NEW DOORNFONTEIN
Welcome to an exceptional investment opportunity in the vibrant neighborhood of New Doornfontein, Johannesburg. Strategically located within walking distance from Ellis Park Stadium, this property offers not just a prime location but also a promising business venture.
Situated on a generous land size of 573m², this property presents a double-storey accommodation building designed to maximize rental potential. Currently, the establishment comprises 29 rooms, each equipped with its own pre-paid meters, offering tenants convenience and autonomy in managing their utilities.
The accommodation includes four shared bathrooms, ensuring practicality and comfort for residents, along with a dedicated washing-up area for dishes and laundry facilities on both floors. Additionally, an outdoor area is available for hanging washing, providing added convenience for tenants.
Parking is a premium feature of this property, with a large basement area offering ample space for vehicles, enhancing its appeal to potential tenants.
With a current rental income of R40,000 per month, this investment property represents a lucrative opportunity for those seeking to expand their portfolio or enter the rental market. The steady income stream coupled with the property's prime location ensures a promising return on investment.
Whether you're a seasoned investor looking to diversify your holdings or a newcomer seeking to capitalize on the burgeoning rental market in Johannesburg, this property promises both stability and potential for growth.
Don't miss out on this chance to secure a profitable investment in one of Johannesburg's most dynamic neighborhoods. Arrange a viewing today and seize the opportunity to make this lucrative venture a reality.
Welcome to an exceptional investment opportunity in the vibrant neighborhood of New Doornfontein, Johannesburg. Strategically located within walking distance from Ellis Park Stadium, this property offers not just a prime location but also a promising business venture.
Situated on a generous land size of 573m², this property presents a double-storey accommodation building designed to maximize rental potential. Currently, the establishment comprises 29 rooms, each equipped with its own pre-paid meters, offering tenants convenience and autonomy in managing their utilities.
The accommodation includes four shared bathrooms, ensuring practicality and comfort for residents, along with a dedicated washing-up area for dishes and laundry facilities on both floors. Additionally, an outdoor area is available for hanging washing, providing added convenience for tenants.
Parking is a premium feature of this property, with a large basement area offering ample space for vehicles, enhancing its appeal to potential tenants.
With a current rental income of R40,000 per month, this investment property represents a lucrative opportunity for those seeking to expand their portfolio or enter the rental market. The steady income stream coupled with the property's prime location ensures a promising return on investment.
Whether you're a seasoned investor looking to diversify your holdings or a newcomer seeking to capitalize on the burgeoning rental market in Johannesburg, this property promises both stability and potential for growth.
Don't miss out on this chance to secure a profitable investment in one of Johannesburg's most dynamic neighborhoods. Arrange a viewing today and seize the opportunity to make this lucrative venture a reality.
Monthly Rates
R7,727
Features
Zoning
Interior
Sizes
Parking Bays
Listing Info
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Irene Goodwin
Qualified Property Practitioner
Colin Goodwin
Qualified Property Practitioner
New Doornfontein, Johannesburg
The Midvaal region is positioned as part of the Sedibeng District Municipality. Midvaal is the smallest of the 3 Sedibeng municipalities when it comes to population and the biggest when it comes to actual physical size. The Midvaal region was formerly known as part of the Meyerton Municipality until late 2000. Midvaal property is made up in the main of semi-rural and rural areas together with a large amount of smallholdings, plots and farms as well as more traditional housing and sectional title style properties in the towns. The setting up of the R59 “industrial corridor” has been a great aid in developing the area’s industrial components and a number of larger industrial concerns have made the move as...
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Disclaimer
While every effort will be made to ensure that the information contained within the Chas Everitt website is accurate and up to date, Chas Everitt makes no warranty, representation or undertaking whether expressed or implied, nor do we assume any legal liability, whether direct or indirect, or responsibility for the accuracy, completeness, or usefulness of any information. Prospective purchasers and tenants should make their own enquiries to verify the information contained herein.
