Property features

R8 200 000

Property Details

Located in the heart of Hillbrow, this high-rise investment property offers an excellent opportunity for investors looking to capitalize on a high-demand rental area. Close to educational institutions, Hillbrow Clinic, transport nodes, and other public services, this 12-storey building is well-positioned for strong rental returns. While the property requires refurbishment work, including the installation of a new lift, it presents significant potential for capital appreciation and enhanced rental yield. Property Features: - 12-Storey residential building - 45 Residential units - 44 Bachelor units - 1 Penthouse unit - 3 Commercial spaces, ideal for retail or office use - Residential 4 zoning, allowing for high-density residential use - 2 lifts (currently not operational) - On-street parking - Tenure: Freehold Financial Overview (Potential Monthly Earnings): Potential Rental Income: R194,500.00 Potential Expenses: R54,386.80 Projected Net Income: R140,113.20 Get in contact today. 100 % Finance arranged for self-employed and salaried individuals. Complete the document on additional documents for Finance approval and submit relevant docs. Best terms and rates through all major banks and other financial institutions. Also insurance through our sister company. One-stop shop for all your needs. Get in contact today