R 32 000 000

3 Bedroom Townhouse for Sale in Milnerton Central

Milnerton Central, Milnerton

3
2
5 192 m²
- m²: 5 192 m²
- Hectares: 0.519 ha
- Acres: 1.283 acres

Investment Opportunity: 20 Spacious Duplexes (3 bedroom) with High Rental Yield Potential

Located in the highly sought-after suburb of Milnerton, this exclusive townhouse complex offers a prime investment opportunity with significant upside. The complex consists of 20 well-designed duplexes, each accompanied by its own garage and additional parking space, providing convenience and security for residents.

Yield :

As Is with renewals in December: 9,41%

On transfer from January 2025: 10,94%

Leasing Price :

(ex vat and utilities)

+- R201,689.00 / month until Dec 24

+- R300,000.00 / month from January 2025

Size GLA & ERF:

+- 1840 sqm GLA

ERF Size :

5192 sqm

Bulk Allowed :

5192 m2

Parking :

Price

20 secure parkings and 20 garages

Included in the rentals

Key Features:- *20 Duplex Units*: Each unit is spread over 2 spacious floors, offering ample living space for families and professionals alike.- *Private Garages*: Every unit includes a...

Located in the highly sought-after suburb of Milnerton, this exclusive townhouse complex offers a prime investment opportunity with significant upside. The complex consists of 20 well-designed duplexes, each accompanied by its own garage and additional parking space, providing convenience and security for residents.

Yield :

As Is with renewals in December: 9,41%

On transfer from January 2025: 10,94%

Leasing Price :

(ex vat and utilities)

+- R201,689.00 / month until Dec 24

+- R300,000.00 / month from January 2025

Size GLA & ERF:

+- 1840 sqm GLA

ERF Size :

5192 sqm

Bulk Allowed :

5192 m2

Parking :

Price

20 secure parkings and 20 garages

Included in the rentals

Key Features:- *20 Duplex Units*: Each unit is spread over 2 spacious floors, offering ample living space for families and professionals alike.- *Private Garages*: Every unit includes a garage, ensuring secure parking and extra storage space.- *Additional Parking*: Each unit also has an additional parking space, perfect for guests or a second vehicle.- *Outdoor Living*: Enjoy the outdoors with a small garden and a private courtyard at the back of each unit, ideal for relaxing or entertaining.- *Strong Rental Income*: Latest rentals are fetching R15,000 per month, with the potential to significantly increase the yield if all units are rented at this rate.

Why Invest in Milnerton? Milnerton is renowned for its stunning views of Table Mountain, beautiful beaches, and excellent amenities. With close proximity to Cape Town's city center, top schools, shopping centers like Canal Walk, and the serene Rietvlei Nature Reserve, Milnerton offers an exceptional quality of life. The suburb is also well-connected by major highways and public transport, making it a highly desirable location for tenants.

Bedrooms: 3

Garages: 1

Parking: 1

Pet Friendly

Garden

Fibre Internet

Listing number: P24-114618099, Image number: 1

Listing number: P24-114618099, Image number: 2

Listing number: P24-114618099, Image number: 3

Listing number: P24-114618099, Image number: 4

Listing number: P24-114618099, Image number: 5

Listing number: P24-114618099, Image number: 6

Listing number: P24-114618099, Image number: 7

Listing number: P24-114618099, Image number: 8

Listing number: P24-114618099, Image number: 9

Property Overview

Listing Number

114618099

Type of Property

Townhouse

Listing Date

04 July 2024

Erf Size

5 192 m²

Rates and Taxes

R 5 237

Pets Allowed

Yes

Rooms

Bedrooms

3

External Features

Garage

1

Parking

1

Gardens

1

Other Features

Internet Access

Fibre

Points of Interest

Bond Calculator

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