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FANTASTIC INVESTMENT OPPORTUNITY ! HANDSOME RETURN ON INVESTMENT WITH GROWTH POTENTIAL ! LOW MAINTENANCE BUILDING ! LARGE AND SPACIOUS FLATS - WELL MAINTAINED AND MANAGED. FULLY TENANTED ! SCREENED AND VETTED TO HIGH STANDARDS BY OWNER. GOOD MIX OF BACHELOR, 1 BED AND 2 BED FLATLETS. 1 RETAIL TENANT MORE THAN 30YRS RENTING TO DATE. HIGHLY SOUGHT AFTER AREA ! / This EXCELLENT INVESTMENT Property Offers: Entrance Foyer via access door Various Unit options catering to a wide range of Tenants: 6 x 2 bedroom flats @ -R4500 - R27000 Massive Rooms and spacious Lounges. Neat bathrooms and Kitchens Balconies. 2 x 1 bedroom flats @ -R3500 - R7000 Large Lounge, Kitchen, Bathroom and a Spacious Bedroom. Balconies. All flats with pre paid and water meters. 3 x bachelor flats @ -R3000 - R9000 Duplex Units, Modernised with Tiled Lounge, Kitchen and Bathroom on lower level, The bedroom is on upper Level. All neatly Tiled and Modern Finishes and Cabinetry. Solar Geysers and pre paid meters. 2x Retail shops @ -R5000 - R10000 Large shops, one of the Tenants been renting for 30yrs plus. Total Income R53 000 Gross Zoning - Residential No sectional Title Under roof area 1200sqm Net Income R42 000 pm Extremely well cared for building with solid tenants. Owners disinvesting. Call today to add this excellent Investment Property to your Portfolio ! Price negotiable, reasonable Offers from qualified Buyers will be considered.
Purchase Price R 4 500 000
Building Size1200 m2
Price Per SQMR 3750 m2
Type of PropertyBusiness
Land Size500 m2
Last Updated09 Mar 2024
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