Located one block from Cleveland Police Station. This double Storey block of flats is configured in a hostel-like fashion. 10 X rooms with NO balconies and communal bathrooms on the ground level. And a further 10 X rooms and communal bathroom on the top floor all WITH balconies. The rooms are very large, and they’ve NOT been partitioned and the original structure still remains.
There’s also an additional small room upstairs for the caretaker. Parking space is available and rental potential on the property is R40 000 PM EXCLUDING WATER/ELEC SEPARATE. The property does require refurbishment; however, it does offer fair upside.
Seller to give eviction order for free to buyer, no coc's, seller to pay and obtain coj/clearance.
Rates and Taxes R 1789.00 p.m.
Stand Size 426 sqm