Investment Opportunity: Block of Flats for Sale in Bela-Bela
This excellent investment property in Bela-Bela offers a fantastic opportunity for buyers looking to expand their rental portfolio. Situated on a spacious 1,484m² erf, this block of flats provides multiple income streams and is conveniently located close to town and essential amenities, making it highly attractive to tenants.
The property consists of nine units in total, including seven 2-bedroom flats, one 1-bedroom flat, and one bachelor flat, offering a variety of accommodation options suitable for individuals, couples, and small families. Each unit is designed with practical living in mind, providing comfortable spaces that tenants can easily make their own.
The 2-bedroom flats offer functional layouts with well-sized bedrooms, living areas, kitchens, and bathrooms, creating comfortable living spaces for tenants. The 1-bedroom flat is ideal for single occupants or couples seeking a manageable and affordable home, while the bachelor flat provides a compact, low-maintenance option that is perfect for a single tenant.
One of the standout features of this property is that each flat has its own water meter, allowing for easy management of water usage and ensuring fair utility billing for tenants. This is a significant advantage for property investors looking to maintain efficient operational costs.
The property also includes a covered parking area, providing secure and convenient parking for residents and helping to enhance the overall appeal of the flats. The generous 1,484m² stand offers ample space and good layout potential, with room for further improvements or landscaping enhancements.
While the property requires a little TLC, it presents a wonderful opportunity for investors or developers to add value. With some maintenance and upgrades, the block can easily be transformed into an even more attractive rental complex, increasing both tenant demand and rental income potential.
Located close to the town centre of Bela-Bela, the property offers easy access to shops, and other essential amenities. This convenient location makes it highly desirable for tenants who want to enjoy the benefits of living near town while still having comfortable and practical accommodation.
Key Features:
1,484m² erf
7 × Two-bedroom flats
1 × One-bedroom flat
1 × Bachelor flat
Covered parking area
Individual water meters for each unit
Close to town and amenities
Excellent rental income potential
Ideal investment opportunity
Property requires minor TLC
This well-positioned block of flats offers a rare opportunity to invest in a multi-unit property in the sought-after Bela-Bela area. With its strong rental potential and room for improvement, it is perfect for investors looking to generate steady income and long-term value.
Contact us today to arrange a viewing and explore the potential this property has to offer.