Property description

Presenting a compelling commercial investment opportunity in the established metropolitan and suburban area of Bellevue East, Johannesburg. This multi-unit property, known as Alexander Court, offers significant potential for investors seeking a value-add project with strong rental income prospects. The building currently features 12 bedrooms, 4 bathrooms, and 4 kitchens, indicating its suitability for conversion into multiple rental units or student accommodation. While the property requires significant renovation, its current layout provides a solid foundation for redevelopment. Visible signs of disrepair, including peeling paint and worn interiors, highlight the scope for modernisation and customisation to meet market demands. With an erf size of 494.00 sqm, this property offers ample space for a comprehensive refurbishment. The existing structure, though aged, includes practical elements such as security bars on ground-floor windows and balconies, and visible satellite dish access, suggesting basic infrastructure is in place. This presents a unique chance to transform a dated asset into a profitable venture in a sought-after location. Bellevue East is a well-connected suburb within Johannesburg, offering accessibility to various amenities and transport links, making it an attractive area for potential tenants. The property's commercial classification underscores its potential for generating substantial returns through strategic development and management. Key Features: * Commercial investment opportunity * 12 Bedrooms, 4 Bathrooms, 4 Kitchens * Multi-unit potential (Alexander Court) * Requires significant renovation * Erf size: 494.00 sqm * Located in Bellevue East, Johannesburg * Visible security bars * Ideal for rental income or student accommodation