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R 8 195 000

22 Bedroom Apartment / Flat for Sale in Richmond Estate

Richmond Estate, Goodwood

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22
12
12
991 m²
- m²: 991 m²
- Hectares: 0.099 ha
- Acres: 0.245 acres

NO TRANSFER DUTY

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Prime Investment opportunity

Fully tenanted 12-Unit Apartment Block for Sale

This fully sectionalized apartment block, comprising 12 units, offers an outstanding investment opportunity with no transfer duty payable. Located in a convenient area close to public transport, the property features ample secure parking for tenants.

The building consists of 10 x 2 Bedroom units ( 49 sqm each )

2 x 1 Bedroom units ( 31 sqm each )

Generating a net rental income of R648 000 p.a ( With self-management, projected annual rental income increases to R700 000 net p.a )

Bedrooms: 22

Bathrooms: 12

Parking: 12

No Pets Allowed

Listing number: P24-115222298, Image number: 1, Image

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Listing number: P24-115222298, Image number: 4, Image

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Property Overview

Listing Number

115222298

Type of Property

Apartment / Flat

Listing Date

15 November 2024

Erf Size

991 m²

No Transfer Duty

Yes

Pets Allowed

Rooms

Bedrooms

Bathrooms

Kitchens

Reception Rooms

External Features

Parking

Secure Parking

Building

Wall

Plaster

Points of Interest

Bond Calculator

Monthly Repayment:

Total Once-off Costs:
(Transfer Duty Excluded)

This property has been flagged as “No Transfer Duty” by the agent/seller, we have therefore excluded a transfer duty of from the total once-off cost calculation.

Min Gross Monthly Income:

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*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.