This unique and well maintained property offers an abundance of opportunities as a multipurpose investment. Situated on Lower Main Road Observatory this specific part of 317 Lower Main Road is going through major redevelopment and is two minute walk to AFDA (South African School of Motion Picture Medium).
First and second section of this erf has been established and converted to stylish Student accommodation. Offering two separate entrances to seven bedrooms, four bathrooms all with showers and toilets, large kitchen with dinning area and lounge. All bedrooms have an abundance of natural light and are plus minus 4x5.5 square meters and bigger all have beautiful laminate flooring. Parking for three vehicles.
There are also plans being passed to add further bedrooms to an undeveloped part of this building. Property has the opportunity for another floor to be built.
Third section of this erf has its own entrance which would be the third entrance to this property via the service entrance, offers parking, open space which could be utilized as a business/workshop/studio separate from the student accommodation.
Solar geyser, prepaid electricity installed and good security, burglar bars throughout, electric fence.
This building offers three separate entrances which can easily be reconfigured to your requirements, leaning towards three individual usages.
If you are a serious investor this property is a must see!
Please note Advertised Price is Excluding VAT.