Web Ref No BKM3700FFS

This property is situated on the corners of Gillies Street, Mint Road and Subway Street, towards the northern periphery of Fordsburg and has been improved with a multi-level architecturally designed mixed used building, accommodating storage / warehousing, an old cinema, retail shops and short and long stay apartments. The property comprises three stands: This 6 storey, mixed use building also provides shade-net and open parking provision for 19 vehicles and one of the erfs can be developed into a parkade as parking is much sought after in the Fordsburg area.

Property summary:

-The Office component is made up of two floors, divided into three sections each housing male and female ablutions, kitchens and canteen and air conditioned offices

-Basement (700sqm) This area can be accessed via its own entrance situated along Gillies Street and Mint Street or though Shop No: 2. It accommodates ablutions that have been converted into a storeroom, various semi-double volume areas that are currently being utilised for storage / warehousing, storerooms as well as the subject property's main electrical mini-substation, an old boiler and air-conditioning room. There are also three pumps to assist with the removal of water if / when the underground water levels increase in the area.

-Cinema (roughly 400sqm) This is vacant and could easily be turned into offices, storage facility, convention room, accommodation and much more.

-Ground Floor (700sqm) The ground floor accommodates several street front shops as well as the entrance to the fully serviced apartments. Shop 1 and Shop 2 are situated along Gillies Street. Shop 1 is being utilised as a hair and beauty salon. Shop 2 is currently being utilised as offices. Shop 3 is a multi-level shop situated on the corner of Gillies Street and Mint Road and is being utilised as an Egyptian Cafe and Shisha Lounge.

-1st Floor (700sqm) The first floor accommodates a spacious three-bedroom apartment, 1 two-bedroom apartment and two storerooms.
-2nd Floor (300sqm) The second floor accommodates 3 two bedroom apartments and two storerooms.

-3rd Floor (700sqm including cinema) The Third floor accommodates a spacious three-bedroom apartment,1 two-bedroom apartment and two storerooms and a laundry room

-4th Floor (300sqm) The fourth floor accommodates a spacious three-bedroom apartment, three one- bedroom apartment and three storerooms and a laundry.

-5th Floor (300sqm) The fifth floor accommodates a spacious four-bedroom apartment, 3 one-bedroom apartment and three storerooms and a laundry.

**Note: All the apartments a fully serviced with DSTV, WIFI, cleaning and laundry services as well as fully furnished. The majority of the apartments have air-conditioning, except two apartments and most of the internal finishes and fittings are considered reasonably modern and of a good quality. The building also has CCTV camera system, PABX and 24 hour security. A combination of long term and short term tenants occupy the apartments.