R 3 100 000 | 9 bed property for sale in verulam central

The description provided highlights several positive aspects of the block of flats in Verulam Central Business District, making it an appealing opportunity for potential buyers, particularly investors looking for commercial prospects. Here are the key points: Location: The block of flats is situated in the heart of Verulam Central Business District, which means it benefits from a prime location in a central area, likely experiencing high foot traffic and visibility. Business Opportunities: The property offers great business opportunities, likely due to its location and potential for commercial conversions. Apartment Variety: The building currently consists of four apartments with varying sizes, ranging from 1 bedroom to 3 bedrooms. This variety allows for flexibility in potential conversions. Conversion Potential: The individual apartments can be converted into shops and offices, which could significantly enhance the area's overall outlook. This conversion may attract more businesses and further contribute to the property's value. Proximity to Key Establishments: The property is conveniently located near various establishments, such as Attorney Offices, Magistrate Courts, Banks, Shopping Malls, and the famous Verulam Market. This is likely to attract tenants and businesses seeking accessibility to these services. Access to Major Suburbs and Freeways: The property's location offers easy access to major suburbs and freeways, making it convenient for both tenants and customers. Rental Income: Currently, the property generates R20,000 in rental returns, and there is potential to increase this income further. Renting out the top floor unit could add an estimated R8,000 to the returns. Expansion Opportunities: There is ample space to add extra apartments or divide existing apartments to increase rental income. This indicates the property's potential for further development and income growth. Zoning Possibility: The property can be easily zoned for commercial use, which opens up additional opportunities for various businesses to operate in the area. Appeal to Serious Investors: The description emphasizes that this property is a "Must Buy" for serious investors, indicating that it has significant potential for long-term returns and success. Overall, the property appears to be a promising investment opportunity for those looking to capitalize on the vibrant business environment in Verulam Central Business District. However, as with any investment, it's essential for potential buyers to conduct thorough due diligence, including evaluating potential risks and future market trends.