This investment property is a lucrative opportunity for any savvy investor looking for a steady income stream. With 12 exclusive apartments, each boasting 110sqm of space, this property offers a total of 24 spacious bedrooms, making it an attractive option for tenants seeking comfortable living arrangements.
Each apartment consists of 2 large bedrooms with built-in cupboards, an open-plan lounge, dining area, and kitchen, providing residents with modern and convenient living spaces.
Additionally, with a large bathroom featuring a shower in each unit, tenants can enjoy privacy and convenience.
The property is fully occupied, ensuring a consistent rental income stream. Moreover, the presence of a full-time night patrolling security guard and caretaker on-site enhances the safety and maintenance of the property, providing peace of mind for both tenants and the property owner.
Furthermore, the property offers 28 parking spaces, a valuable feature for tenants with vehicles. Additionally, the presence of a braai area adds to the appeal of the property, providing residents with a space to relax and socialize outdoors.
With a net monthly income of R45,050.76 and a net annual income of R540,609.12, this property promises a solid return on investment. The consistent rental income, combined with the property's amenities and management features, makes it a highly attractive option for investors seeking a reliable and profitable venture in the real estate market.