R 4 400 000 | 9 bed property for sale in overport

Property Description

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.


Property Details

Purchase Price R 4 400 000

Building Size250 m2

Price Per SQMR 17600 m2

Type of PropertyHouse

Monthly Rates4800

Land Size591 m2

Last Updated07 May 2025

Rooms

Study2

Flatlet1

Kitchen2

Bedrooms9

Bathrooms5

Reception Rooms

Lounges3

Dining Room1

External Features

Garages2

Carports8

Property Location

Similar Property in nearby suburbs

Agent

Mohammed Vahed

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