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R 44 000 000 | building property for sale in ferndale

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Property Description

Price Excludes VAT. This Apartment block has 102 units, private school is also on the ground floor so the kids don't even need to leave the property from there dwelling. The residential side is at 94% capacity which is excellent. There is 555 sqm of Retails Space at the ground floor, there is also 44 underfloor parking bays. It is very central easy to travel to and from, schools in the surroundings. It's making money 29% net profit so it pays it self plus there is more potential to make even more. All the cleaning staff and security is already in place so you will be buying a turn key operation and property. The Stand is 2078 sqm and the GLA is the apartments have been recently renovated. Call now to view,


Property Details

Purchase Price R 44 000 000

Building Size4007 m2

Price Per SQMR 10980 m2

Type of PropertyBuilding

ZoningCommercial

Land Size2078 m2

Last Updated12 Oct 2023

Property Location

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