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R20,500,000

R20,500,000

174m² Apartment Block For Sale in Morningside
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🏢 Prime Investment Opportunity – Fully Let Block of Flats in Morningside 💰✨

Web Ref. TPC855
Land size 1074.00 m²
Floor size 174.00 m²
Monthly Bond Repayment
R187,521.55
An exceptional income-generating property in the heart of Morningside, offering high rental returns and long-term investment security.

📊 Financial Overview:
💵 Monthly Rental Income: R162,500
📅 Annual Rental Income: R1,950,000
✅ Fully Tenanted – A lucrative and stable asset.

🏠 Property Features:
🔹 25 Fully Equipped Units – Each designed to accommodate 4 occupants, making it ideal for student or tenant accommodation.
🏡 Each Unit Includes:
✔️ Fully Fitted Kitchen – Modern appliances for convenience.
✔️ Toilet & Shower – Sleek and contemporary finishes.
✔️ 4 Single Beds – Maximizing space efficiency.
✔️ Porcelain Tiles – Elegant and low-maintenance flooring.
✔️ Fridge & Microwave – Essential amenities for tenants.

📡 Modern Amenities & Security:
🔸 Capacity for 100 Tenants – Ideal for student housing or shared accommodation.
🔸 CCTV & WiFi – Ensuring security and seamless connectivity.
🔸 On-Site Parking – Space for 12 vehicles.
🔸 Commercial Spaces – Includes a salon & massage studio on the ground floor

PRICE EXCLUDES VAT

Features

Zoning
Commercial
Sizes
Land Size 1,074 m²
Floor Size 174 m²
Parking Bays
12 Open Parkings
Listing Info
Date Listed 17-02-25
Time Listed 09:39

Disclaimer

While every effort will be made to ensure that the information contained within the Tyson Properties website is accurate and up to date, Tyson Properties makes no warranty, representation or undertaking whether expressed or implied, nor do we assume any legal liability, whether direct or indirect, or responsibility for the accuracy, completeness, or usefulness of any information. Prospective purchasers and tenants should make their own enquiries to verify the information contained herein.