22 Bedroom Apartment Block For Sale in Richmond Estate
R7,195,000
Monthly Bond Repayment R75,493.97
Calculated over 20 years at 11.25% 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 )
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
Bathrooms 12
Recep. Rooms 2
Land Size 991m²
Carports/Parkings 12
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