HIGH YIELD BLOCK OF FLATS !
EXPANSIVE 3 STOREY BUILDING !
PRIME CORNER STAND !
IMPRESSIVE RETURN ON INVESTMENT !
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This 3 Storey Building Offering:
42 x Flats with Bathroom and kitchenets
Mixed type - Bachelors and One Bedroom Units
10X Rooms - Rooms only on Ground floor.
Current alterations by owner turning ground floor into 3 Shops ( 1 Large shop and 2 Smaller type shops)
Good demand in this area for retail shops hence the alterations. Near completion.
Estimated future income +-R25k Shops.
Flats pay for Electricity and Water
Expenses - Rates and under recoveries on Municipal bill.
+- R25k pm
Income:
Rental Income Gross +- R125k pm (excl Rooms)
High demand is evident in the area ensuring low vacancy rates.
Call us today to check this out before its taken !!