Development Potential in Randburg

This investment opportunity is located in a prime location with excellent potential for growth and profitability. The large main building and additional cottages provide ample space for a guest house or B & B, with the option to convert to rental units for added income. The spacious parking area is a major plus for guests and tenants, offering ample space for vehicles. The existing plans for converting to an apartment complex also offer a unique investment opportunity for those looking to enter the real estate market. With a 4015 sqm stand, there is plenty of room for expansion and development. This property is ideal for investors looking for a turn-key investment opportunity with endless growth and return on investment potential. Main Accommodation 3 Bedrooms 2 Bathrooms Lounge Kitchen Dining Room Private Garden Undercover Parking Cottage 1 Bedroom Lounge Bathroom Bachelors Unit 1 Bedroom Bathroom Kitchen Building 4 Dining Hall Additional Dining Area Training Room Training Room Kitchen Outside Eating Area Ablution Facilities Building 5 Downstairs Training Room Training Room Reception and Office Building 6 Upstairs Call Centre Call Centre Ablution Facilities Grounds & Common Areas 5.5kVA Inverter Large Manicured Gardens Ample Paved Parking Pond / Pool Possible Client Description Place of Worship This property lends itself to be an ideal place of worship and offers enough options for counselling rooms, classrooms and accommodation. Cottage School The property is already set up as a training centre and offers several classroom layouts, with admin, dining areas, kitchen and ablution facilities. Student Accommodation The property's unique layout allows the buyer to convert the 6 buildings into income-earning student accommodation. Training Centre The property is already running as a Training Centre with various options to accommodate learners in several training rooms at the same time. Randburg is a vibrant and bustling suburb in Johannesburg, South Africa, known for its diverse range of amenities and attractions. The suburb is popular with families, young professionals, and retirees alike, thanks to its mix of old and new homes and its proximity to popular shopping areas, restaurants, and nightlife hotspots. In addition to sporting facilities like Diggers and Randburg Sports Club, there are also several parks and open spaces in the area, perfect for outdoor enthusiasts and those who enjoy picnicking, hiking, and nature walks. Overall, Randburg is a great place to live, work, and play, with something to offer everyone. Only pre-qualified Buyers will be entertained. Finance options are available, but banks might require a deposit. Registered with the PPRA.