ref # 998

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R 3 395 000 (170 175 EUR*)

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23
23
15
± 500 m2
± 1380m2
R 1800  / m
R 0  / m

Property Features
Balcony
Built In Cupboards
Electricity Included
Entrance Hall
Family/TV Room
Flatlet
Free Standing
Kitchen
Patio
Paving
Satelite
Scenic View
TV

HIGH INCOME PROPERTY - 3 STOREY BLOCK OF 23 FLATS + 2 RETAIL SHOPS !!

EXCELLENT MIXED USE BUILDING !

SPREAD OF FLATS - 2 BED AND 1 BED UNITS OFFERED !

HUGE ROOMS IN GREAT CONDITION - RECENTLY UPGRADED !

A BRAND NEW ROOF INSTALLED AND BUILDING NEWLY PAINTED !

PRIME LOCATION WITH HIGH DEMAND !

FULLY TENANTED, FANTASTIC YIELD ! ( 23% R.O.I.)

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  • This Excellent Investment is up for Sale, Offering:
  • ****** PRICE REDUCED !! *************
  • Ground Floor:
  • Entrance and Foyer
  • 12 x Single / Bachelor FLATS all neatly painted with Tiled Flooring, with own bathroom and Kitchenette / sink

  • 1St Floor:
  • 6 x Double Room Flats Offering quality Rooms, Large in size and with bathrooms and Kitchen / Kitchenettes
  • Access to balcony area at back ideal for hanging washing etc

  • 2nd Floor
  • 5 x Double Room Flats very neat and extra spacious, offering bathrooms and Kitchens / Kitchenettes

  • 2 x Retail Shops on street Level boasting with brand new Roller shutter doors.
  • Exterior of this building has been upgraded and offers a striking and appealing street view.

  • Income:
  • 12 x Singles at R2800 each +- R31k
  • 11 x Double Room Units at R3500 - R4500 +- R33k
  • Retail Shops (conservative rates) at R3500 +- R4.5k

  • Total Gross +- R68 000 p/m
  • Exp (Rates R1800, Wifi R999 other fees) R8000-R9000

  • Net Income at +-R60 000 !!!
  • R.O.I. at 23%

  • All utilities are Metered for convenience of Management
  • (W&L)
  • ** Electricity recovered from Tenants at R3/Kw
  • Water recovered at R50/KL

  • Zoning Residential 4

  • All units with Prepaid meters (WATER AND ELECTRICITY)
  • Billing administered by Citiq Co.
  • CCTV System - Recently fitted x 8 Cameras

  • Call us today on this FANTASTIC Investment Opportunity - no work required !!!

  • ******* PRICE REDUCED FROM R3.9m !! ******
  • Call me immediately to secure your first option !


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