Small Holding For Sale in EVELEIGH

Plots and Smallholdings in South Africa province Gauteng, Boksburg, Eveleigh

R5 400 000

Ad ID 318925

Key Features

5 Rooms
5 Bathrooms
1 Kitchen
10592.00 Land Area

Extra Features

Property Description

Prime land for Development
10592 m2 – Plot with 2 Houses & 2 flats for Sale in Eveleigh Boksburg
This property is situated in the heart of Boksburg close to the East Rand Mall in the popular suburb Eveleigh with the main entrance in a cul de sac. The other side of this valuable property borders on a busy road for adverting purposes. There are currently six large advertising boards erected on the site which can generate additional income when all rented out. (Approximately R30 to R35k per month). There is also space to erect two very large additional advertising boards. There are also 2 houses on the property with a granny flat and a prefab cottage. The main house, granny flat and prefab cottage is currently rented out. The other house is used as a study and work shop. All the units are fitted with prepaid electricity meters. The potential Rental income on the houses and flats is approximately R20k plus. The potential income just on the houses, flats and advertising boards is R60K plus. The open land offers more income potential if utilized. The studio can also be upgraded and rented out as well. Other features include a small warehouse, staff quarters, Lapa & entertainment area. The main house is a modern face brick house and has 3 bedrooms & 2 bathrooms study etc. The rest of the property will be ideal for storage units as there are two new developments in the street of large flats and town house complexes. For future development the property will also be ideal for a six-storey town house or flat complex. Other possibilities which can be explored can be a large nursery school. The council will also approve for Residential 4 and to erect storage units. The property is very close to various schools (EG Jansen, High school (1.16km), Concordia primary (1,12km), Martin Primary school (1.71km), Woodlands college (1.75km), Hennie Basson Primary (2.1km) etc and with easy access to the N12 & 17 & very close to the East Rand Mall

Property.CoZa Boksburg

Daniel Du Preez - Intern

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