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42 Bedroom Property for Sale in Springs Gauteng
42 Bedroom Property for Sale in Springs Gauteng
42 Bedroom Property for Sale in Springs Gauteng
42 Bedroom Property for Sale in Springs Gauteng
42 Bedroom Property for Sale in Springs Gauteng
42 Bedroom Property for Sale in Springs Gauteng
42 Bedroom Property for Sale in Springs Gauteng
42 Bedroom Property for Sale in Springs Gauteng
42 Bedroom Property for Sale in Springs Gauteng
R 6 500 000
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Property features

  • R 6 500 000
  • 42 Bedrooms
  • 42.0 Bathrooms
  • 0 Living Room/s
  • Garage for 0  car/s

Property Details

HIGH YIELD BLOCK OF FLATS !

EXPANSIVE 3 STOREY BUILDING !

PRIME CORNER STAND !

IMPRESSIVE RETURN ON INVESTMENT !
/

This 3 Storey Building Offering:

42 x Flats with Bathroom and kitchenets
Mixed type - Bachelors and One Bedroom Units

10X Rooms - Rooms only on Ground floor.
Current alterations by owner turning ground floor into 3 Shops ( 1 Large shop and 2 Smaller type shops)
Good demand in this area for retail shops hence the alterations. Near completion.
Estimated future income +-R25k Shops.

Flats pay for Electricity and Water

Expenses - Rates and under recoveries on Municipal bill.
+- R25k pm

Income:
Rental Income Gross +- R125k pm (excl Rooms)

High demand is evident in the area ensuring low vacancy rates.

Call us today to check this out before its taken !!

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