House For Sale in Melville, Johannesburg

This property in Melville presents a prime investment opportunity with significant redevelopment potential. Located in a vibrant and sought-after area, it offers easy access to key educational institutions and major transport hubs, such as the University of Johannesburg (UJ), Johannesburg Business School, and Wits University, making it an ideal choice for multi use purposes.
Key Highlights:

2 Adjacent Stands (2 x 745sqm): Featuring 2 semi-detached homes and a standalone structure, this property offers ample space for redevelopment.
Redevelopment Potential: The existing structures can be transformed into a secure housing complex or small business premises, maximizing the land’s potential.
Strategic Location: Situated just off the main road on 4th Avenue, Melville, the property offers convenient access to major transport hubs, shopping centers like Spar and Campus Square, and other local amenities.
Ample Parking: The property provides plenty of parking space, essential for any redevelopment project.

Investment Benefits:

Maximized Returns: The growing demand for accommodation and small retail properties in Johannesburg presents an opportunity for excellent cash flow.
Development Flexibility: There’s potential to redevelop the site into a modern housing complex or mixed-use space, capitalizing on the area’s popularity and demand for affordable housing.
Prime Location: Close proximity to key educational institutions, shopping centers, and public transport ensures consistent demand from students and tenants.

Property Details:

Size: Two buildings of 230-240sqm each, with 2 outbuildings (ideal for laundry rooms or additional storage).
Asking Price: R 1.7 million for both stands (preferred as a single transaction).

Why Invest:

Growing Demand: The demand for affordable accommodation in Johannesburg is on the rise, making this an excellent opportunity to capitalize on the booming market.
Redevelopment Opportunity: With the current property offering ample space, you can redevelop to suit a variety of needs, from student housing to small businesses.
Prime Melville Location: Located just off the main road and near popular amenities, this property offers both convenience and desirability.

Contact:
Don’t miss out on this rare opportunity! Contact Craig Jones today to secure this prime development site and take advantage of the growing accommodation market. The owners are open to negotiation, so make a reasonable offer!
For inquiries or to schedule a viewing, feel free to reach out!