22 Bedroom Apartment Block For Sale in Richmond Estate

R7,195,000

Monthly Bond Repayment R74,265.95
Calculated over 20 years at 11% with no deposit.

Web Ref No TPR18856

Prime Investment opportunity

Fully tenanted 12-Unit Apartment Block for Sale

This fully sectionalized apartment block, comprising 12 units, offers an outstanding investment opportunity with no transfer duty payable. Located in a convenient area close to public transport, the property features ample secure parking for tenants.

The building consists of 10 x 2 Bedroom units ( 49 sqm each )
2 x 1 Bedroom units ( 31 sqm each )

Generating a net rental income of R648 000 p.a ( With self-management, projected annual rental income increases to R700 000 net p.a )

Features

Bedrooms 22
Bathrooms 12
Recep. Rooms 2
Land Size 991m²
Carports/Parkings 12

Agent Contact Details

Waynette Rule
Tyson Properties Northern Suburbs

Cell 072 809 7594
Office (021) 2033312
WhatsApp Me

Riël von Molendorff
Tyson Properties Northern Suburbs

Cell +27750518555
Office (021) 2033312
WhatsApp Me

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