Fully Let Excellent Condition

Ref # 1870941 : Primrose Hill, Germiston, Gauteng

R 21,850,000

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Property Details

Beautifully maintained fully let flats consisting of three x 3 storey blocks plus one smaller double storey block, comprising of 41 apartments as well as 52 x lock up garages and 9 x open parking bays. The faade of the building comprises face-brick as well as some plastered and painted brickwork. The 1 bedroom units measure approximately 59sqm and the 2 bedroom units measure approximately 83sqm.

Both the 1 bed and 2 bed units consist of large bedroom area(s), a separate kitchen and a bathroom. Bedrooms have built in cupboards. Kitchens are equipped with built in cupboards, granite counters as well as free-standing ovens with stove.

Internal floors consist of ceramic tiling throughout. Walls are plastered and painted while ceilings are painted concrete. Each unit also has a balcony. Each flat has its own geyser.

There are 52 x lock up garages and 9 x open-air bays. The parking surface is power floated concrete and cement brick. Tenants are charged a monthly rental for each garage/parking bay.

The building has both separate electric and bulk water meters which are monitored by the management company.

The building is around 50yrs old but has been immaculately maintained and managed by the owners directly.

A Sectional Title Register is ready to be opened upon transfer which affords any investor purchasing the property the opportunity of registering each unit separately for the purposes of transfer duty.

Full financials available to bona fide investors.

Access Gate

Electric Fencing


Property Features

  • Property Type Commercial
  • Building Size 83m²
  • Stand Size 2,514m²

Location