LARGE OLD 5 BEDROOM HOUSE WITH OUT BUILDINGS OPPERTUNITY IN SUNNYSIDE FOR SALE FOR RENNOVATION

ERF 562 ‘s Property benefits for investors or developers are:  BANK Valued for R 2,2 million as is  discounted to GO 

1932 House with original design and style with walk around stope and lovely trees. Large old pool , 2 external buildings and double car port  

The asking price is fully supported by bank valuation at R 2.2 milion , which is based primarily on the stand size of 1,115m², the strategic positioning in Sunnyside, and the property’s frontage and accessibility along Jorrisen Street.

Financial institutions have assessed the property on its land and locational fundamentals rather than the condition of the existing structure, confirming that the price reflects true underlying land value and not cosmetic improvements. This provides buyers with FULL confidence that capital deployed here is aligned with market fundamentals and financeable.

What a Developers & Strategic Buyers can find

1. Visibility Equals Commercial Leverage Jorrisen Street is a high-traffic arterial route, which translates into: Free daily exposure for a business Reduced marketing costs for professional practices.

2. Stand Size Enables Design Flexibility

At 1,115m², the stand allows for: Purpose-built land rgiths alread amended for professional spaces or student accomodation

On-site parking (a major competitive advantage in Sunnyside Potential multi-phase development (build now, expand later) Many smaller stands in the area restrict layout options—this one does not.

3. MULTI TENANTED - currently we 7 tenants on the stand , excluding the outside smaller outbuilding rooms 

4. Location Supports Multiple Strategies This property offers flexibility beyond a single use: Owner-occupied professional practice or Rental offices or or tenants or students or consulting rooms Residential redevelopment

Resale to another developer once approvals are secured Multiple exit paths reduce risk and increase investment appeal.

5. Demand for Accessible Professional Space Is Growing There is consistent demand in Sunnyside for: Medical, legal, and consulting services close to the CBD Easily accessible offices for professionals serving inner-city clients Properties with parking and street presence This location naturally serves that demand.

6. Scarcity of Large, Well-Located Stands Large stands along prominent roads in Sunnyside are increasingly rare. Once redeveloped, replacing this position at a similar entry price becomes extremely difficult.

Developer Mindset This property should be viewed not as an old house, but as:

A strategically located land parcel with bank-approved value, strong exposure, flexible development options, and multiple exit strategies.

For the right buyer, this is a foundation asset—one that allows value to be created through intelligent planning rather than paid for upfront.