Property features

R10 500 000

Property Details

Strategically located on the corner of Wolmarans and Banket Street, this 6-storey residential building offers an excellent investment opportunity in a high-demand rental area. Close to the University of Johannesburg, this property is ideal for student housing, young professionals, or long-term tenants. While moderate refurbishment work is required (approx. R600,000), this investment presents strong rental potential with spacious units and Residential 4 zoning for high-density living. Property Features: - 6-Storey residential building - 24 Residential units, offering a mix of spacious layouts: - 12 One-bedroom units (70 sqm each) - 12 Two-bedroom units (120 sqm each) - 20 Communal rooms (20 sqm each) - Zoning: Residential 4 (high-density residential use) - 1 Lift - 20 Basement parking bays Financial Overview (Potential Monthly Earnings): Potential Rental Income: R160,000.00 Potential Expenses: R64,617.71 Projected Net Income: R95,382.29 This prime investment opportunity is perfect for investors looking to maximize rental income in a sought-after location. Don't miss out on this income-generating property! 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.