Property features

R10 750 000
Rates R6000 pm

Property Details

Amazing opportunity for the right investor!!! Three storey building that boasts 18 flats which consists two and three bedrooms. With the approved plans for extending & changing some of the rooms. This property currently has a great rental income of R117 914,00 per month & that is with a tenant renting the entire complex. The rental agreement comes up for renewal in April 2025. The rental escalates with 10% each year which means more capital. The tenant is currently leasing out the property as student accommodation with a capacity to hold 90 students. Each student pays R4 500 per month. This is an opportunity not to be missed. Grow your property portfolio with this great investment, call us today!