Property features

R20 000 000

Property Details

EXCEPTIONAL RESIDENTIAL PROPERTY x 4 FREESTANDING BLOCKS ! HIGH DEMAND UNITS ON THE BORDER OF BEDFORVIEW ! SPACIOUS UNITS AND METICULOUSLY MAINTAINED ! GREAT LOCATION AND SURROUNDING PROPERTIES ! / This Fantastic Property Offers: x 4 Individual Quality Built Blocks - Face Brick exterior. 3 Of these blocks are 3 storeys with ground floor accommodating designated Garages for each Unit. Private Communal Garden area Well maintained common areas Units comprise of 40 x Units - All spacious north facing and immaculately maintained. 9 x Huge 1 Bedroom Units with spacious Lounge, Balcony, Kitchen and Neat bathroom 31 x Spacious 2 Bedroom Units With Large Lounge, Balcony, Kitchen and Neat Bathroom. Both Bedrooms are Spacious ! Units range from 58 - 90 Sqm Currently 2 Units Vacant 1 Unit under Maintenance All Units with Pre-paid Meters Elec, water and Parking costs recovered Secure Lock up Garages are available and charged at R150 - R180 A cozy Communal Garden area. Income: Gross Income at +- R240 000 (fully let) Expenses +- R45 000(Nett) Nett Income +- R195 000 @ 12% R.O.I. Annual Income R2 340 000 This Prime Property offers a very Attractive current Income stream plus, the Flats have been Sectionalized, enabling increased future yield potential for the Investor. The Property is ideally located in a sought after position in Primrose Hill, with similar neighboring properties, and offers Incredible views over Bedfordview and the surrounds. Schools and other ideal amenities are in close proximity. Call us today to enquire about this attractive Investment Property. All leases and rent rolls available.