R 2 495 000 | 5 bed property for sale in mayfair

Excellent Investment Opportunity in Mayfair – R2,495,000 An excellent income-generating property situated in the well-established and conveniently located suburb of Mayfair. The property consists of 4 separate one-bedroom flats, making it ideal for an investor looking for multiple rental income streams from a single property. Property Features * 4 × 1-bedroom flats * Each flat generates approximately R5,500 per month * Total rental income: R22,000 per month * Annual rental income: R264,000 * Conveniently located close to schools and mosques * Established residential area with easy access to surrounding amenities * Excellent investment and rental-income potential Asking Price: R2,495,000 At the asking price, the current rental income represents an approximate 10.6% gross annual rental yield, before rates, maintenance and other expenses. A great opportunity for an investor looking to expand their property portfolio with a multi-unit income-generating property in Mayfair.