680 Lavender Road, Onderstepoort, Pretoria, Gauteng · Property Auction

Analysis

Improvements

Net Annual Income: ± R1,285,068 Improvements: ± 1564m² 2 Adjoining erven with a combined land area of approximately 3.4 ha Erf 1: ± 1.6 ha improved with a commercial retail hub 7 Active retail shops, currently occupied by tenants and generating rental income Established commercial premises with good visibility and established customer/tenant foot traffic Erf 2: ± 1.8 ha of vacant land, currently described as agricultural zoned land Borehole situated on the property Septic tank system installed on the property Solar power initiative/installation, with a solar lease agreement reportedly being secured and to be taken over by the purchaser Existing improvements provide immediate rental income, while the vacant erf provides additional development potential. The property benefits from commercial and industrial-oriented improvements and potential, supported by its strategic location within Onderstepoort We have not undertaken a structural survey of the above-described improvements