Apartment | Sale
This is a great opportunity not to miss. The building has 12 units, 7 are for sale meaning you would have majority of the body corporate or eventually buy the whole block.
The 7 units are divided into 2 units, a 2 bedroom apartment and a bachelor apartment. The units are in great condition with nothing to fix. The sale also includes 2 shops and 4 rooms on the rooftop. There is underground parking in the building.
Bachelor unit 7 x R2850(rent)= R 19 950 2Bedroom unit 7 x R3650 = R25 550 2Shops = R7 500 4 rooms x R1500= R6 000 Gross Income is R59 000. Levies are R1300 per unit and rates and taxes for the building around R5900.
Each unit can also be bought individually for R350 000 which would include a bachelor and 2bed unit.