Property features

R15 000 000

Property Details

FANTASTIC INVESTMENT PROPERTY ! (Located IN Germiston South - Delville) SPACIOUS ROOMS - FULLY TILED ! MODERN BATHROOMS ! GORGEOUS NEW KITCHENS ! SPACIOUS LOUNGE / DINING ROOM AREA ! / This EXCEPTIONAL Property truly is a Rare find: Units have been remodeled and Upgraded, offering Tenants a high quality home. Ideally located in a residential area, yet on the corner of a well known main road to Germiston town. EXTREMELY POPULAR BLOCK OF FLATS IN THE AREA. The face brick building is well maintained, offers Low maintenance costs, and it boast with ample Parking areas - x 2 Covered parking bays per Unit. Units are sectionalized and billed respective rates charge / portions individually. ALL MUNICIPAL EXPENSES RECOVERED ! Access gate, electric fence, CCTV installed. Zoned Residential Stand Size 2489 GLA 2220 3 x Floors Parkings 54 Main Access Gate and Side Access Gate Nearby Amenities: Germiston Primary School (Across the road) Galway Primary School 400m Germiston Sports Stadium Germiston High School Rand Air Airfield Delville Swimming Pool Bertha Gxowa Hospital Shopping Centers Main Arterial roads Income: 20 x 2 Bed Units - Ranging R5 500 to R6 500 7 x 1 Bed Units - @ R4 000 Total Gross Income R145 829 Costs R12 904 (Insurance, Maintenance, Admin Fee, Caretaker, Cleaner, Expenses (RATES) R7358 (Water, Sewerage, Refuse - recovered) Total Net Income R125 567 pm Reasonable Offers / Qualified Buyers WELCOME. Call us Today for more Info.