This block of flats is a lucrative, fully occupied investment opportunity located close to the center of town. With easy access to all amenities, schools, and public transportation routes, this property is highly appealing to tenants looking for convenience.
The property comprises:
3 One-Bedroom Units – Each renting for R 4,600 per month.
6 Two-Bedroom Units – Each renting for R 5,200 per month.
9 Rooms on the Roof:
2 rooms, each renting for R 1,185 per month.
7 rooms, each renting for R 1,615 per month.
The building is fully occupied, ensuring a reliable and steady income stream. Additionally, the lift is in excellent working condition, providing ease of access to all units, including those on the roof.
This is a prime investment property in a high-demand area, offering long-term growth potential and immediate returns.