R 26 500 000 | building property for sale in fordsburg

This property is situated on the corners of Gillies Street, Mint Road and Subway Street, towards the northern periphery of Fordsburg and has been improved with a multi-level architecturally designed mixed used building, accommodating storage / warehousing, an old cinema, retail shops and short and long stay apartments. The property comprises three stands: This 6 storey, mixed use building also provides shade-net and open parking provision for 19 vehicles and one of the erfs can be developed into a parkade as parking is much sought after in the Fordsburg area. Property summary: -The Office component is made up of two floors, divided into three sections each housing male and female ablutions, kitchens and canteen and air conditioned offices -Basement (700sqm) This area can be accessed via its own entrance situated along Gillies Street and Mint Street or though Shop No: 2. It accommodates ablutions that have been converted into a storeroom, various semi-double volume areas that are currently being utilised for storage / warehousing, storerooms as well as the subject property's main electrical mini-substation, an old boiler and air-conditioning room. There are also three pumps to assist with the removal of water if / when the underground water levels increase in the area. -Cinema (roughly 400sqm) This is vacant and could easily be turned into offices, storage facility, convention room, accommodation and much more. -Ground Floor (700sqm) The ground floor accommodates several street front shops as well as the entrance to the fully serviced apartments. Shop 1 and Shop 2 are situated along Gillies Street. Shop 1 is being utilised as a hair and beauty salon. Shop 2 is currently being utilised as offices. Shop 3 is a multi-level shop situated on the corner of Gillies Street and Mint Road and is being utilised as an Egyptian Cafe and Shisha Lounge. -1st Floor (700sqm) The first floor accommodates a spacious three-bedroom apartment, 1 two-bedroom apartment and two storerooms. -2nd Floor (300sqm) The second floor accommodates 3 two bedroom apartments and two storerooms. -3rd Floor (700sqm including cinema) The Third floor accommodates a spacious three-bedroom apartment,1 two-bedroom apartment and two storerooms and a laundry room -4th Floor (300sqm) The fourth floor accommodates a spacious three-bedroom apartment, three one- bedroom apartment and three storerooms and a laundry. -5th Floor (300sqm) The fifth floor accommodates a spacious four-bedroom apartment, 3 one-bedroom apartment and three storerooms and a laundry. **Note: All the apartments a fully serviced with DSTV, WIFI, cleaning and laundry services as well as fully furnished. The majority of the apartments have air-conditioning, except two apartments and most of the internal finishes and fittings are considered reasonably modern and of a good quality. The building also has CCTV camera system, PABX and 24 hour security. A combination of long term and short term tenants occupy the apartments.