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Commercial building waiting to be converted into a residential rental goldmine!

Commercial building waiting to be converted into a residential rental goldmine!

Today we are offering you a unique opportunity with uncapped possibilities. Schedule your viewing today and let your imagination run wild.

This building has been through many journeys and is now ready to be taken on a completely new journey with you. The building is situated right next to 2 very popular sectional title developments in Ferndale which interestingly were also both profitable commercial to residential conversions and is predominantly used as rental stock. The rental market is rife in Ferndale with many developers rushing in to join the frenzy and make their mark. Making this property an extremely promising project to an insightful developer, who isn’t afraid to think outside of the box.

Are you this developer? Call today for your own personal tour.

Ferndale has access to all bus and taxi routes and quick, easy access to the highway via Malibongwe road or alternatively Beyers Naude. Ferndale is the perfect feeder area to Sandton and the surrounding areas. It is centrally located and gives you access to all the shopping hubs in Randburg, quick trip to Cresta and Northcliff as well as the Randburg CBD. A good balance of government and private schools can be found in the Ferndale area offering you a wide selection to meet all requirements. Ferndale is the perfect starter area for young couples wanting to invest in their first home as well as the perfect area to raise a family with stands big enough to accommodate all your needs.

Features

15
10
Zoning:
Commercial
Exterior
Security
No
Sizes
Floor Size
1,400m²
Land Size
1,503m²
Parking Bays
Covered Parking Bays
15
Open Parking Bays
10
Extras
Camera System

Make an Offer

Market value

POA

Offers from

R5,190,000

Offers for this listing must be made in RNone increments. More Info

 
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Disclaimer: While every effort will be made to ensure that the information contained within the Adrienne Hersch Properties website is accurate and up to date, Adrienne Hersch Properties 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.

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Transfer Costs

Natural Persons Legal Persons
Transfer Fees
Deeds Office Levy
Transfer Duty
Postage and Petties:
Rates/Levy Clearance
Pro-Rata Rates/Levies
Deeds Office Search
Electronic Document Preparation
Vat @ 15%
TOTAL:
Please note: Most banks charge an administration and initiation fee.
Disclaimer: These calculations are only a guide. Please ask your conveyancer for exact calculations.

Bond Costs

  Natural Persons
Fees
Deeds Office Levy
Postage and Petties
Bank Electronic Connection Fee
Electronic Document Preparation
Vat 15%
TOTAL:
GRAND TOTAL:

Income

R Detail your income

Expenses

R Detail your expenses

%
Joint Total Income
Joint Total Expenses
Joint Available Income
 

MONTHLY REPAYMENTS

 

LOAN AVAILABLE

R
%

Monthly Payment

13,353,900.17

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