Property features

R10 500 000
Security Estate

Property Details

Please note – This not a Commercial Property. 15 UNITS SOLD TOGETHER AS AN ENTIRE APARTMENT BLOCK/COMPLEX NOT SECTIONALIZED Photos listed are an example of one of the units. Discover an exceptional investment opportunity with this solidly built face brick apartment block, ideally located in the vibrant neighborhood of Richmond Estate, Goodwood. This property features: - 12 Two-Bedroom Apartments (+- 85m² each): Spacious and thoughtfully designed, these two-bedroom units offer comfortable layouts. Each apartment boasts ample natural light and convenient access to local amenities. - 3 One-Bedroom Apartments (+- 72m² each): These one-bedroom apartments provide a cozy living space. Key Features: Current Rental Income: The 15 units generate a total rental income of R108,225.00 Per Month Current basic Operating Expenses: Electricity (General Lighting): R3,400 Rates, Water, Sewerage, Refuse: R11,700 Insurance: R4,800 Potential for Rental Increases: There is significant potential for rental increases of up to +- 20% enhancing the investment's profitability. Prime Location: Enjoy easy access to public transport, shops, and schools. Communal area and remote-controlled gates. Don’t miss the chance to own this fantastic property in a sought-after location. Contact us today for more information or to schedule a viewing!