Stand of 2478 sqm with 2 blocks of flats offering as follows:
24 X Bachelor flats approximately 30 sqm each.
26 X 2 Bedroom flats approximately 46 sqm each.
All units have prepaid electricity and the water is fed from a municipal borehole.
When fully capacitated, the flats currently offers approximately R206 000 rental income per month and an annual rental income of R2 474 000.
Potential buyers can also choose the option to open a sectional title scheme and sell all the units separately. Conservatively such an option can offer gross proceeds in the region of R16 million to R18 million!
This property is very close to the airport and has easy access to all main roads and highways.
Only cash offers will be accepted!!! Serious offers between R9m and R9.5m will be considered!!!