776 m² Commercial space in Arcadia

Investment Opportunity! Exclusive apartment block comprising 6 furnished units in the heart of Arcadia, Pretoria.

LOCATION LOCATION! The block is situated close to Loftus Versveld, Loftus Park shopping centre, embassies, and schools such as Affies, Boys High and Girls High. The block is also within walking distance of the University of Pretoria, and provides easy access to Brooklyn Mall, the Union Buildings, the Pretoria CBD and various hospitals, such as Mediclinic Meulmed and Zuid Afrikaans Hospital.

6 fully furnished apartments over two floors. All units are well kept with modern amenities combined with an old-world charm. Think wooden floors and steel-pressed ceilings. All units are fully furnished making this a perfect investment to continue the ongoing business of long and short-term rentals. With its proximity to Loftus Versveld, rugby game weekends provide ample opportunity for airbnb style rentals. Embassies in the area also often require delegates to stay in the area for extended periods. Its proximity to the university speaks for itself with the opportunity to rent out the various units over longer periods. Income of up to R155 000 is achievable.

Zoning of "Residential 3 permitting for duplex dwellings and dwelling units."

Sectional plans are only registered and the sectional scheme can be opened if the needs arise allowing each unit to be sold separately in future. Offers for individual fully furnished units will also be considered.

Ground floor:

3 ground floor units leading out onto a shared patio overlooking the communal garden, a play area and swimming pool. Floor plan image shows unit specifications.

Unit 1: 2 bedroom : 79 square meters sold seperately at R1,490,000

Unit 2: 2 bedroom: 93 square meters sold seperately at R1,690,000

Unit 3: 2 bedroom 81 square meters sold seperately at R1,490,000

!st floor:

3 upstairs units with the addition of air conditioning. Floor plan image shows unit specifications.

Unit 4: 3 bedroom: 79 square meters sold seperately at R1,490,000

Unit 5: 2 bedroom: 70 square meters sold separately at R1,290,000

Unit 6: 2 bdroom: 79 square meters sold seperately at R1,490,000

Other:

1 care taker's unit with a bedroom, living room, bathroom and kitchen. Possibility to make this a 7th unit to rent out should the need arise.

Outside storage and staff quarters.

Pool

Coverred and open parking

Access virtual tour on request.

Approved viewings only. Contact me now!