Developers ahoy! Vaal dam water views & buoys abound in Deneysville

Potential plus here having approx. 8200 sqm of vacant land to subdivide with a 1700sqm established garden & 3 apartments as well. Exclusively with Harcourts.

The land 8200 sqm is an odd shape ending in the corner where a garden & apartments complete the almost 1 ha of ground. The apartments are individually rented to long-term tenants with contracts in place and generate about R 8 100 nett per month, all with separate pre-paid power meters on each floor. With some TLC, this building could be restored to its former glory - steeped in local history the international BOAC float-planes used to land on the dam alongside before Joburg had an airport, clear customs and stay in the now disintegrated hotel before travelling further This current building replaced the hotel and has been in one family ever since.

Apartment 1 - 2 bedrooms, 2 bathrooms, open plan living & kitchen with veranda to large back garden.
Apartment 2 - 2 bedrooms, 2 bathrooms, open plan living & kitchen opening to large deck.
Apartment 3 - 1 bedroom, 1 bathroom, open plan living & kitchen opening to a deck plus has private upstairs sundeck.
All apartments have concrete open-plan cupboards in the bedrooms, heating panels and wooden window frames.

Priced under municipal valuation, ready to sign an offer? This is a unique property with stunning water views from every floor of the building - am here to assist with your queries.