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R 11 850 000

3 Bedroom Townhouse for Sale in Menlyn

Menlyn, Pretoria

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3
1
9
4 453 m²
- m²: 4 453 m²
- Hectares: 0.445 ha
- Acres: 1.1 acres

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The complex has 2 double-storey buildings with 20 units, including 9 stack simplex units for sale. Each unit has a garage, with rooftop patios for the upper units. • 2-bedroom units: R1,250,000 • 3-bedroom units: R1,550,000 Investment Details: • Annual Income: R954,000 • Net Income: R879,270 • Selling Price: R11,850,000 • Yield: 7.4% Units are rented below market rate, with potential for rent increases upon lease renewal.

9 Units for sale in great investment opportunity.

The complex comprises of 2 Double storey buildings, with a total of 20 units. The buildings are developed as stack simplexes with 5 units on the ground floor and 5 units on the upper-level floor of each building. Each unit has a garage and the upper units have partios on the garage rooftops.

There are 9 stack simplex, sectional title units for sale, including units 2, 3, 5, 6, 10, 12, 13, 14, and 15. There are 7 x 2 bedroom units measuring 90m2 and 2 x 3 bedroom units measuring 121m2. All 9 units are tenanted, with short term leases.

2 Bedrooms are selling for R1 250 000

3 Bedrooms are selling for R1 550 000

Investment Calculation:

Annual Income From 9 Units: R954 000

Annual Expenditure : R74 730

Annal Net Income: R879 270

Selling Price R11 850 000

Yield: 7.4%

The units are currently renting below...

Bedrooms: 3

Bathrooms: 1

Garages: 2

Parking: 7

Study

No Pets Allowed

Pool

Garden

Listing number: P24-115092117, Image number: 1

Listing number: P24-115092117, Image number: 2

Listing number: P24-115092117, Image number: 3

Listing number: P24-115092117, Image number: 4

Listing number: P24-115092117, Image number: 5

Listing number: P24-115092117, Image number: 6

Listing number: P24-115092117, Image number: 7

Listing number: P24-115092117, Image number: 8

Property Overview

Listing Number

115092117

Type of Property

Townhouse

Listing Date

18 October 2024

Erf Size

4 453 m²

Rates and Taxes

R 6 000

Pets Allowed

Zoning

Single Residential

Rooms

Bedrooms

Bedroom 1

Bedroom

Bedroom 2

Bedroom

Bedroom 3

Bedroom

Bathrooms

Bathroom 1

Bathroom

Bathroom 2

Bathroom

Kitchen

Office/study

Office

Lounge

Dining Room

Braai Room

Bar

Other

Other 1

Other

Other 2

Other

External Features

Garage

Garage 1

Garage

Garage 2

Garage

Parking

Parking 1

Parking

Parking 2

Parking

Parking 3

Parking

Parking 4

Parking

Parking 5

Parking

Parking 6

Parking

Parking 7

Parking

Garden

Pool

Building

Standalone Building

Other Features

Wheelchair Accessible

Generator

Backup Water

Points of Interest

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