Neat Freestanding Facility For Sale Within North Riding
A neat freestanding facility for sale in North Riding, measuring approximately 1,750 m² on a sprawling 38,428 m² lot. This property features a main house with 3 bedrooms, a lounge, dining room, entertainment area, and a swimming pool. Additionally, the facility includes a large workshop, 3 garages, and carports. The conference centre is well-equipped with 5 rooms, accommodating various sizes from a small boardroom to a 200-seater venue. Currently, the property is occupied by approximately 8 tenants, generating an income of around R75,000.00 per month.
The property is well-equipped with 76 solar panels and a 50 kW inverter grid-tied system, a 25 KVG generator, 3 boreholes, and 2 x 30,000 litre water tanks with a switch-over system. It also holds municipal consent for operating a restaurant with a liquor license. The sale price is R17,500,000.00 plus VAT, with annual rates estimated at R32,900.00
Located in the north western region of Johannesburg and forming part of its municipality, Randburg spans an area of 167.98 km2, positioned between Roodepoort, Johannesburg and Sandton. With the growing demand for light industrial and commercial spaces in and around the City of Gold – Randburg, although predominantly residential, has experienced much activity surrounding the development of industrial and...
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Please note: Most banks charge an administration and initiation fee. Disclaimer: These calculations are only a guide. Please ask your conveyancer for exact calculations.
