Property description

Discover a compelling commercial investment opportunity in the heart of Germiston Central, Germiston, South Africa. This multi-story property presents significant mixed-use potential, ideal for investors seeking to capitalise on both retail and residential or office sectors. While the exterior and interior currently reflect a dated appearance and require substantial renovation, this blank canvas offers immense scope for modernisation and value creation. The building features a prominent ground-floor retail space, complete with large display windows and a secure central entrance, perfect for attracting street-level clientele. The upper floors are configured with three bedrooms, four bathrooms, and a kitchen, suggesting adaptable layouts for either residential apartments or versatile office units. With an Erf size of 357 sqm, the property provides a solid footprint for redevelopment. The current state, marked by worn finishes, peeling paint, and cluttered interiors, underscores the opportunity for a complete transformation to meet contemporary market demands. This property is a prime candidate for a strategic renovation project, promising a strong return on investment through diversified income streams. Imagine a vibrant retail outlet on the ground floor complemented by modern, appealing living or working spaces above. The existing security gates and window grills provide a foundational layer of protection, which can be integrated into a comprehensive upgrade. Situated in Germiston Central, the property benefits from its location within a bustling urban environment, ensuring good visibility and accessibility. This area is known for its commercial activity, making it an attractive prospect for businesses and residents alike. Key Features: * Mixed-use commercial property * Ground-floor retail potential * Upper-level residential/office space (3 beds, 4 baths, 1 kitchen) * Erf size: 357 sqm * Significant renovation and redevelopment opportunity * Existing security features * Prime location in Germiston Central