200m² Business Centre For Sale in Glenwood

R2,500,000

Web Ref No CL129

Excellent income and development opportunity

This complex has 4 student accommodation rooms, each en suite, and with its own kitchenette. Each unit has its own geyser, and the electricity and water to each unit are prepaid. They are very well appointed and would even suit adult occupants. To the rear of the house is a 1 bedroom apartment. The outhouse is rented out, and the basement area is leased to a small business. There is a lot of potential to expand within the existing framework, or as it is a GR1, there is the chance one could build up to 4 levels of units at 400sq m per floor. Come and view and explore your opportunities. Current earnings are in the order of R28 000p.m.
Easy access to Umbilo / Sydney Rd business and industrial complexes, to the Bluff area, and South and West precincts.
Call me to view it.