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R 2 300 000

14 Bedroom Apartment / Flat for Sale in New Redruth

6 Newquay Road, New Redruth, Alberton

14
14
8
434 m²

Contact Agent

Alec Lau

Show Contact Number

Multiple 14 dwelling Residential-realty investment opportunity

One of Alberton's rare property investment gems is up for Sale.

Re-zoned "Residential 3" for the multiple dwelling scheme, the property is located on a 1 280 square metre stand and comprises:-

Building 1: Comprising 11 studio-type bachelor units with a gated entrance door.

Building 2: Residential house of 2 X One-bedroomed units with shared common areas.

Building 3: A small annexe building as a 1 bed-roomed flatlet.

Garages 4: 3x double lock-up garages for vehicles or storage estimated at R 2 000 per month additional income per garage, not forming part of the current rent-roll

The rental income generation, due to all 14 dwellings being full, is averaging approximately R 35 000 pm excluding property-owner's expenses, excluding R 6 000 rental potential for the garages.

Each of the 11 bachelor studio units is built of low-maintenance face-bricked interior walls...

Bedrooms: 14

Bathrooms: 14

Garages: 4

Parking: 4

Flatlet

Garden

Listing number: P24-115075703, Image number: 1

Listing number: P24-115075703, Image number: 2

Listing number: P24-115075703, Image number: 3

Listing number: P24-115075703, Image number: 4

Listing number: P24-115075703, Image number: 5

Listing number: P24-115075703, Image number: 6

Listing number: P24-115075703, Image number: 7

Listing number: P24-115075703, Image number: 8

Listing number: P24-115075703, Image number: 9

Property Overview

Listing Number

115075703

Type of Property

Apartment / Flat

Street Address

6 Newquay Road, New Redruth

Listing Date

15 October 2024

Erf Size

1 280 m²

Floor Size

434 m²

Price per m²

R 5 300

Rates and Taxes

R 833

Zoning

General Residential

Rooms

Bedrooms

Open plan bedroom with high ceilings, kitchenette, patio and screeded floors

Bathrooms

Reception Rooms

External Features

Garage

Parking

Garden

Other Features

Security

Security including 24 hour response, automatic gates, burglar bars and security gates

Special Features

Special Features 1

Vibracrete / wall boundary

Special Features 2

Exterior features including courtyard, staff accommodation and washing line

Flatlet

Yes

Points of Interest

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