R 3 400 000 | building property for sale in kensington

Get bang for your buck with this investment opportunity. An entire freestanding property comprising of 1 convenience store and 5 apartments with the possibility of building on more. The current rental yield in total is as follows: a shop with store room two bedrooms and a bathroom and enclosed court yard rental R9900 and two flats that each have two bedrooms bathroom kitchen and lounge rental R4400 each. One studio flat R3500. One large three bedroom flat R5500. All units have prepaid water and electricity units. The total income at present is R27 700 equaling a gross year 1 return of just under 10% at the asking price. The apartments have been recently renovated and rentals in the area are in high demand! Contact for a viewing today!