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R 14 500 000

Commercial Property for Sale in Southernwood

Southernwood, East London

Contact broker for street address

2 018 m²
- m²: 2 018 m²
- Hectares: 0.202 ha
- Acres: 0.499 acres

Contact Broker

Debbie Symes

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Aparment Block for sale in Southernwood

Presenting a prime investment opportunity in a highly sought-after area, this block of apartments offers a substantial rental income of approximately R245,000 per month. Net Income of approximately R160 000. With the potential to triple this income by converting the units into student accommodation, this property is an exceptional find for astute investors.

The property comprises two buildings, featuring 80 double and single bedrooms mixed and 5 bachelor flats. Each bachelor flat is open plan, with 2 bedrooms, a kitchen, and a bathroom. The complex is well-equipped with 18 showers and 17 toilets, ensuring ample facilities for all residents.

A dedicated caretaker resides on-site in her own apartment, which includes 2 bedrooms, a kitchen, a lounge, and a bathroom, ensuring the property is well-maintained at all times. Additional amenities include 10 on-site...

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Property Overview

Listing Number

114721699

Type of Property

Commercial Property

Listing Date

28 July 2024

Erf Size

2 018 m²

Rates and Taxes

R 35 000

Points of Interest

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