Property features

R15 500 000
Rates R8100 pm

Property Details

Introduction: Are you in search of a lucrative real estate investment? Look no further! We present to you a remarkable opportunity - a block of flats with 24 units, each boasting 2 bedrooms and a bathroom with a bath. Conveniently located near NorthPark Mall and Solomons, this property offers an impressive rental income of approximately R185,000 per month. With one carport provided for each unit and close proximity to major streets, this investment promises both security and convenience. Property Details: Unit Configuration: This block of flats consists of 24 well-designed units, each featuring 2 spacious bedrooms, making it an attractive option for families and professionals alike. Bathroom Amenities: Each unit is equipped with a bathroom that includes a relaxing bathtub, adding to the comfort and appeal of the property. Parking: The provision of one carport per unit ensures that tenants have a secure and convenient parking space. Rental Income: The property generates an impressive monthly rental income of approximately R185,000, making it a sound investment choice. Location Advantages: Situated near NorthPark Mall and Solomons, tenants have easy access to shopping, dining, and entertainment options. Moreover, the property's proximity to major streets enhances its accessibility. Investment Potential: Steady Rental Income: With a consistent rental income of R185,000 per month, this property is a reliable source of revenue, making it an excellent addition to your investment portfolio. High Demand: The combination of 2-bedroom units and a convenient location near essential amenities ensures a high demand for these flats, reducing vacancy rates. Future Growth: The property's location near major streets and popular shopping destinations suggests the potential for future appreciation in property value. Conclusion: This block of flats presents a unique investment opportunity for those seeking a reliable and profitable real estate venture. Don't miss out on this chance to secure a sound investment in the thriving property market. Contact me today to schedule a viewing and learn more about this exceptional opportunity.