Small Holding for sale in Olifantsfontein, Midrand

Investment property - commercial opportunity

This property is an ideal for the property developers, industrial business park and retail business development. The property is between Clayville Industrial and Glen Austin. It is located on a prime location, on a busy road: Olifantsfontein road to R21 highway, which joins Pretoria to Kempton Park (OR Tambo International), with easy access to Johannesburg, Durban and Mpumalanga routes.

The property size is 85,600 square meter. The area being utilised by the owner at the moment is 10,600 square meter, the 75,000 square meter of land can be utilized for new development: it already has rights for restaurant.

On the 10,6000 square meter area: there is a warehouse, workshop, office, twenty three (23) cottages, which have their own prepaid electricity meters; there is a laundry room, which has coin operated washing machines for tenants; spacious two bedroom house, entertainment area; guard room, which has monitors for the CCTV cameras. A fish pond, swimming pool, lapa, ten carports and enough space for parking. The income generated by the cottages, warehouse, workshop and office is about R100,000 per month. The buildings sizes: Warehouse - 400m²; Workshop – 200m²; Storage warehouse located behind cottage 23 – 40m²; Small Storage room next to main residence – 6m²; Garden Tool Shed – 12m²; Security Room – 4m²; Laundry – 9m²; Bar area by pool – 12m²; 23 x cottages – 948.71 m2.

The property has two boreholes, with one borehole supplying the whole area with water. There is a backup generator for when there is load shedding. The property is on Eskom power bulk rate and it has three phase electricity supply.

Property Reference #: 7002001-10180

Agent Details:
William Masebe
eXp Realty - Steven Johnstone Group
1 Apple Street
Kenilworth
Cape Town
7708