650m² Apartment Block For Sale in Bulwer

R5,950,000

Web Ref No CL128

Apartment block reduced by R1M!!

This well-cared-for block of flats in Glenwood is close to many amenities, transport, freeways, shops, and hospitals. It currently consists of :
a 3-bedroom garden duplex unit with 2 bathrooms, 2 lounges, a bar area, a pool, and an enticing thatch gazebo. There is garaging for 2 vehicles, loads of extra parking space, storerooms, and a laundry area;
3 of 2 bedroom flats with bathrooms, lounge, dining rooms, carports or garage;
1 3-bedroom flat with bathroom, lounge, kitchen, lock-up carport, and a balcony; and finally,
a 1 bedroom flat with lounge and open plan kitchen with own secure parking.
This building has been revamped in the units and fetches a very good rental.
However, the opportunities are endless and could suit a new medical suite, rehabilitation center, office complex, or student accommodation. Plans were once drawn to make over 45 rooms for students with a central lounge, kitchen, and dining facility.
All this within a beautiful Spanish-style setting.

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Features

Zoning Commercial
Covered Parkings 3
Basement Parking 3
Monthly Rates R4,370.00pm Excl. VAT
Floor Size 650m²
Land Size 959m²
Security Yes