Web Ref No LFMN-2654

= All reasonable offers will be considered =

The OMEGA building is a well-known building - it used to accommodate Mike's Kitchen.

The property is situated on the Southern parts of Vanderbijlpark C.B.D. in close proximity to ABSA, Post Office and Spur.

The main property's erf measures approximately 929 m2 - of almost rectangular shape whilst the second erf (notarially tied to the first erf) measures approximately 1 161 m2 - also of rectangular shape.
Notwithstanding this there is also a public parking area facing the building as well as a second adjoining public parking area - which for a practical reasons offers ample parkings to this property.

IMPROVEMENTS

The main property consists of a building which represents a sectional title scheme - portion 1 consist of 15 sectional units (measuring +- 2 844 m2) whilst portion 2 represents all the common areas of portion 1.
In total the building measures +- 3 716 m2.
As the "footprint" of the building is +- 929 m2 which equates the erf size of +- 929 m2 the "site coverage" is 100%.

The building, amongst others, consist of various offices, shops, store-rooms, bathrooms and a former restaurant area.

ZONING

The zoning of the property as received from Emfuleni Local Municipality, dated 18 May 2021 is "Business 1".
In terms hereof the following uses are allowed under "Business 1".

* Places of refreshment; Shops; Hotels; Dwelling Units; Residential buildings; Places of public worship; Place of instruction; Social Halls; Dry-Cleaners and Offices

Hence offering endless opportunities - as a sectional title scheme.

INCOME GENERATING ASSET

Although certain areas in the building are let to third parties, the majority areas of the building are still vacant.
Once again, offering you as the potential Landlord, the opportunity to decide and determine your own "Tenant mix".

Interested !!!!!!

Please give us a call and explore all the opportunities the building has to offer.