Prime investment opportunity – fully tenanted block of flats
A great opportunity to acquire a well-maintained, income-producing property offering immediate returns and excellent future potential.
Investment Highlights:
20 spacious bachelor flats, fully tenanted with vetted professional tenants
7 undercover parking bays
Gross monthly rental income: R124,200
Monthly operating expenses: R27,600.85
Mixed-use rights, offering flexibility for a variety of commercial or residential uses
Potential for conversion to student accommodation, subject to the municipal requirements and conditions contained in the zoning certificate
Fully operational and professionally maintained Schindler lift
Roof sealed and maintained annually for long-term protection
Additional ground-floor area with a shower and toilet, ideal for office space or storage.
This is a turnkey investment with a proven rental stream, quality tenants, and significant value-add potential. Whether you're expanding your property portfolio or seeking a secure, high-yield asset with future development opportunities, this property is well worth your consideration.
Financial Summary
Gross Monthly Rental Income R124,200.00
Gross Annual Income R1,490,400.00
Net Monthly Operating Expenses R27,600.85
Net Annual OperatingExpenses R331,210.20
Net Operating Monthly Income R96,599.15
Net Operating Annual IncomeR1,159,189.80
Disclaimer:
Every effort has been made to ensure that the information contained in this listing is accurate and up to date at the time of publication. However, all figures, costs, rental incomes, expenses, and other details are subject to change without notice.
The agent makes no representations or warranties, whether express or implied, as to the accuracy or completeness of the information provided and shall not be held liable for any errors, omissions, or changes that may occur after publication.
Prospective purchasers are strongly advised to conduct their own independent investigations and due diligence, including verification of all financial, legal, zoning, and property-related information, before submitting or signing any offer to purchase.