R 1 200 000 | 8 bed property for sale in rosettenville

An Ideal Investment Opportunity to own in an Exclusive Complex within the Rosettenville Area. All Four apartments are currently tenanted with Rent Rolls available on Request The exterior of the building has been well maintained through the years providing reassurance as to the longevity of an investment of this nature. Details of the Each Apartments: - Under Roof: - 100sqm - 2 Bedrooms (Second Bedroom is sizeable and will allow for adjustments for a 3rd Bedroom with minimal investment.) - 1 Bathroom - Sizeable Living Spaces Throughout - Kitchen - Entrances from the Front of the Property and the back entrance. - One Designated parking per Apartment. - Relatively good condition throughout. TLC is required on certain parts of the building. - Utilities are metered and charged according to each tenants usage. - Generating a Gross Income of -R16,000 a month excluding Recoveries - Should the units be converted to a 3 Bedroom, 1 Bathroom, rentals of around R5,500 per unit can be expected generating a total gross income of -R22,000 excluding any recoveries. All relevant figures are on hand and can be provided at request of a potential purchaser. Please note the property is zoned Res 4 and therefore will classify as a commercial loan which will require a 40% deposit based on the individual or businesses profile. We are happy to assist regarding any additional information on that front as well. For an ideal investment to add to your property portfolio, please do not hesitate to contact us.