Residential building for sale with great return on investment.

R5,950,000
Property Details

EXCLUSIVE MANDATE.

This exciting opportunity is offering twenty spacious two-bedroom/ one-bedroom apartments, with separate kitchens, bathroom configuration. There are approximately four to five apartments per floor and on the roof, there are ten separate rooms, with their own bathroom.

Twenty-one secure parking bays are in the basement and there is one secure access to the building. Electricity pre-paid meters are fitted to each apartment making it an easy manageable investment. Minor maintenance is needed to attract suitable tenants that, if purchased correctly, can produce a return on investment above 20% per annum.

There is a borehole and reservoir tank fitted on site.

For more information, please contact Mamela Estates.

Property Features
Property Type
Business
Bedrooms
20
Bathrooms
20
Floor Size
952m²
Land Size
952m²
Living Area
20
Costs and Terms
Rates & Taxes
±R5,631.4
Location
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