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R 2 125 000

14 Bedroom Apartment / Flat for Sale in Richmond Hill

Richmond Hill, Port Elizabeth

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14
4
4
655 m²

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Richmond hill fully tenanted apartment block for sale

Excellent student accommodation potential!!

14 bedrooms to accommodate 28 beds. Income potential of R95 200/month

CALLING ALL INVESTORS:

Monthly Rental Income: R25600

Monthly Expenses: R9235

Monthly Net Income: R17 665

Yearly Net Income: R211 979

ROI: 9%

R2 200 000 (BRING OFFERS!)

SOLE MANDATE

THE PROPERTY CONSISTS OF THE FOLLOWING:

2 X 4 bedrooms, bathroom, kitchen and lounge with single garage each

2 x 3 bedrooms, bathroom, kitchen and lounge with single garage each

Unfurnished

ALL TENANTED with Leases and deposits

4 prepaid water meters and 4 prepaid electricity meters to recover all utilities from the tenants

Rates: R3338

Floor size: 655sqm

Land: 530sqm

Bedrooms: 14

Bathrooms: 4

Garages: 4

No Pets Allowed

Listing number: P24-112606344, Image number: 1, Image

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Property Overview

Listing Number

112606344

Type of Property

Apartment / Flat

Listing Date

02 May 2023

Erf Size

530 m²

Floor Size

655 m²

Price per m²

R 3 244

Rates and Taxes

R 3 338

Pets Allowed

Rooms

Bedrooms

Bathrooms

Kitchens

Reception Rooms

External Features

Garage

Points of Interest

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