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R 15 000 000

24 Bedroom Apartment / Flat for Sale in Gresswold

24 Angela Heights, 6 Hathaway Road, Gresswold, Johannesburg

24
1
2
1 040 m²

Contact Agent

Paul Dally

Show Contact Number

Residential Apartment Block For Investors

The property comprises of 2 blocks of residential apartment units. The Property offers 1, 2 and 3 bedroom units that are over 3 floors, with a total of 24 apartments. The property further offers 28 covered parking bays on the ground and basement level, as well as staff rooms.

INVESTMENT PROFILE:

All units are currently tenanted and comprise of the following sizes:

1 x 1 Bedroom Apartment, measuring 60m2

16 x 2 Bedroom Apartments, measuring 110m2

7 x 3 Bedroom Apartments, measuring 125m2

28 x Covered Parking Bays

INVESTMENT CALCULATION:

We have used the net income capitalisation method of valuation to determine the value of this property.

Gross Annual Income: R2 300 000

Annual Expenses: R545 845

Net Annual Income: R1 754 155

Asking Price, Excluding Vat: R15 000 000

Yield: 11.7%

Gresswold is a small suburb in Northern Johannesburg and surrounded by Bramley,...

Bedrooms: 24

Bathrooms: 1

Garages: 1

Parking: 1

No Pets Allowed

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Property Overview

Listing Number

114543564

Type of Property

Apartment / Flat

Street Address

24 Angela Heights, 6 Hathaway Road, Gresswold

Listing Date

17 June 2024

Erf Size

3 018 m²

Floor Size

1040 m²

Price per m²

R 14 423

Rates and Taxes

R 18 250

Pets Allowed

Rooms

Bedrooms

Bathrooms

Kitchens

Domestic Rooms

Reception Rooms

External Features

Garage

Parking

Secure Parking

Points of Interest

Bond Calculator

*Disclaimer: Please note that by default this calculator uses the prime interest rate for bond payment calculations. This is purely for convenience and not an indication of the interest rate that might be offered to you by a bank. This calculator is intended to provide estimates based on the indicated amounts, rates and fees. Whilst we make every effort to ensure the accuracy of these calculations, we cannot be held liable for inaccuracies. Property24 does not accept liability for any damages arising from the use of this calculator.