R19,900,000
auction

Business Halfway House

748 Richards Drive, Elite Park
6,855m²
8,763m²
Investment Property With 8 Year Lease For Sale In Midrand

TENANTED INVESTMENT PROPERTY ON AUCTION IN HALFWAY HOUSE, MIDARAND

Online Auction: 12th of June 2024.

Note: Opening bids at R19,900,000. The auction is subject to a reserve price.

Elite Park is an income generating commercial property offering a total of 6855 sqm of prime office space, spread across 6 interlinking office blocks. This multi-story building is currently leased to a single tenant with an 8-year commitment, providing a stable and reliable income stream for savvy investors. The property boasts ample parking facilities, ensuring convenience and accessibility for tenants and visitors alike.

Situated in an easily accessible location, this property presents a unique opportunity to acquire an income generating asset.

With its long-term lease in place and impressive features such as ample parking and a multi-story layout, this property represents a sound investment with strong growth potential. Don't miss out on this rare chance to own a premium commercial property that combines excellent rental yields with long-term security.

Property Type
Business
Stand Size
8,763m²
Building Size
6,855m²
Reference
2248511
Grade
B
Address
748 Richards Drive
Get to know Midrand
Nowhere is the old adage of “location, location, location” more prominent than it is in Midrand. This once small halfway house has grown into a fully fledged hub of activity.
Auction
XX days XX:XX:XX
12:00
Wednesday, 12 Jun 2024
By clicking on "contact" you agree to our privacy policy
Contact Agent
What will my move cost?
Calculate your moving costs to Halfway House with the help of our moving partners.
Get quotes
Moving powered by
Property questions?
Get quick answers about buying, selling, renting, and more from our AI powered real estate bot