4 Blocs of 10 Bed House for Sale in Sandown

About Property

GEM PROPERTY OF 4 BLOCS OF UNITS WITH 10 BEDROOMS IN SANDTON

This property has a wide space and 4 blocs of Units, all fully furnished with modern and stylish equipments:

1) The Main house is a duplex of 300 m2 consisting of 5 bedrooms (the main bedroom having a walk-in closet, en-suite bathroom and a separate shower), 4 bathrooms, lounge, dinging area, fitted kitchen. storage, pantry, scullery, study and library, patio, double automated garages, water tanks, etc.

2) The second Bloc is also a duplex of 220 m2 coming with 3 apartments of each 1 bedroom, full bathroom, open plan kitchen, lounge / dining area, balcony, patio, laundry room, machinery room, covered parking for 6 cars.

3) The third Bloc of 80 m2 consists of a well equipped gym room, a bathroom, big storeroom with shelvings, and a conference room for meetings.

4) The fourth Bloc is a simplex of 110 m2 having 2 bedrooms, 2 bathrooms, lounge / dining area and patio.

The land area is 16,790 m2, with existing commercial grade utilities, quality building infrastructure, and support in principal by City of Johannesburg for re-zoning.

Reaching over the Jukskei river, this gem of indigenous trees, shrubs and plants is decidedly unique.

This property is exceptionally well located being served by the M1, N1, N3 freeway system, with connecting major roads, direct bus stop service accessing Gautrain and within minutes drive, the prominent shopping malls of Woodmead, Waterfall, Mall of Africa, Sandton City and others.

It is also close to major medical centres, specialist hospitals and facilities, private schools and education institutions, prominent business centres, a wide range of restaurants, golf courses, driving range and retail outlets.

GOING CONCERN

On offer as a separate Agreement, the Going Concern generates income from:

* 3 fully furnished established hospitality Apartments of Bloc 2 which are marketed online with guest ratings standing at 9,8.

* The 2 bedroom dwelling of Bloc 4 has an existing long term rental.

The Going Concern also lends itself for expansion into a Hospitality Establishment or Private Campus.

DEVELOPMENT POTENTIAL

The referenced Prospectus provides detailed information on the property and expands on the unique attributes of this property. Developments have been considered for any of the following:

– Residential Estate

– Retirement Village

– Medical Clinic

– Educational Campus

– Hospitality Establishment

– Corporate Campus

This Property has been approved in principle by Johannesburg municipality for the development of 33 Housing Units.

A Conceptual Development Study has been done specifically for a Retirement Village which suggests that this option is the optimal development strategy.

EXISTING SERVICES:

Eskom 120 amp 3 phase 40mm water supply electrical and water ring mains, kiosks, sleeves and manholes fibre connectivity 6 layer security system along riverfront

ADDITIONAL INFORMATION:

Bushveld style boma bird hide indigenous flora, trees, shrubs and plants haven to a wide variety of birdlife and smaller mammals.

SPECIAL BONUS:

An Agreement would include hard and soft furnishings, gym equipment, video conference facility, property maintenance equipment, stores shelving with stock, workshop equipment, building equipment etc.