174m² Apartment Block For Sale in Morningside
R20,500,000
Web Ref No TPC855
🏢 Prime Investment Opportunity – Fully Let Block of Flats in Morningside 💰✨
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
📊 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
Open Parkings 12
Building Name MICHAEL COURT
Zoning Commercial
Floor Size 174m²
Land Size 1,074m²
Building Name MICHAEL COURT
Zoning Commercial
Floor Size 174m²
Land Size 1,074m²
Broker Contact Details
Richard Abraham
Tyson Properties Commercial Morningside Office
Cell 073 873 3699
Office (031) 3129500
WhatsApp Me
Tyson Properties Commercial Morningside Office
Cell 073 873 3699
Office (031) 3129500
WhatsApp Me
Reece Abraham
Tyson Properties Commercial Morningside Office
Cell 073 128 7100
Office (031) 3129500
WhatsApp Me
Tyson Properties Commercial Morningside Office
Cell 073 128 7100
Office (031) 3129500
WhatsApp Me
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