R3,150,000 | 6 Fully Furnished Current Rental Units
An excellent opportunity to acquire an established income-generating property in the sought-after Green Area of Secunda, offering immediate rental revenue potential.
Investment Overview
2 × Two-Bedroom Apartments
3 × One-Bedroom Apartments
1 × Bachelor Apartment
All fully furnished – furniture included
Estimated rental income: R45,000 – R50,000+ p/m
Estimated running costs: ±R11,600 p/m
Estimated operating surplus: ±R33,400 – R38,400 p/m
Potential gross rental yield: ±17% – 19% p.a.
Property Features
8 Covered parking bays
Swimming pool & garden
Entertainment room with built-in braai, bar, pool table & dartboard
2 Additional braai areas
Laundry room with washing machine & tumble dryer
2 Solar geysers
Borehole
Wendy house & storeroom
Alarm system & electric fencing
Individual prepaid electricity meters
Value-Added Tenant Services
Rentals include: Water, R500 electricity voucher, uncapped fibre WiFi, Netflix, cleaning 5× weekly and laundry/ironing 2× weekly, plus access to the pool and entertainment facilities.
Lease agreements range from 3, 6 and 12 months and are renewable.
A well-established, fully equipped investment property offering multiple income streams from day one.
Income, expenses and yields are estimates and may vary depending on occupancy and operating costs.