Development opportunity | Mixed use | Woodstock

Looking for an investment property with plenty of potential in Woodstock? This mixed-use property on Bromwell Street features two separate buildings on one erf and is fully tenanted, generating income from two residential tenants and a printing studio. Zoned for both commercial and residential use, this property offers versatility and the opportunity to increase the area under roof by roughly two times with an attendant 2-story increase in height, subject to town planning provisions. This property is an ideal opportunity for investors looking to secure a steady income stream in a prime location. Located just behind Woodstock Main Road and near the Old Biscuit Mill, this property is conveniently situated to access major transport links, including the N1, and N2 via Roodebloem Road. VAT applicable sale.

Building 1 features a roughly 6-car garage or workshop space on the ground floor with a roller shutter door, currently used for storage, and a 2-bedroom apartment on the 1st floor with modern fixtures and fittings, and a fixture for a hoist. Building 2 offers a ground floor space with good height and a roller shutter door, currently used by a printing press, and a residential space on the 1st floor, currently used as a youth hostel.