Property description

Presenting a fantastic opportunity to own a well-positioned block of 8 flats, offering an excellent return on investment in a sought-after neighborhood. This property includes 4 spacious 2-bedroom flats and 4 convenient bachelor flats, all currently fully let and generating a steady monthly income of approximately R33,000.

Property Features:

Total Flats: 8

• 4 x 2-Bedroom Flats
• 4 x Bachelor Flats

Current Income: Approximately R33,000 per month, reflecting a solid and reliable revenue stream.

Parking: Undercover parking for 8 cars, ensuring convenience and protection from the elements for all tenants.

Occupancy: Fully let, showcasing the high demand and attractiveness of the flats.

Potential for Upgrades: While the flats are in good condition, they could benefit from some modernization, offering potential for value addition and increased rental income.

Location: Situated in a lovely area, the property enjoys proximity to essential amenities, schools, and easy access to highways, making it highly appealing to a wide range of tenants.

Investment Highlights:

• Steady Income: The current rental income of R33,000 per month ensures a quick return on investment.
• High Demand: Fully occupied flats indicate a strong rental market in the area.
• Value-Add Potential: Opportunity to increase rental income through strategic upgrades and improvements.
• Prime Location: Located in a desirable and well-connected neighborhood, enhancing tenant retention and property value.
• All units have pre paid electricity.

Conclusion:

This block of 8 flats is an outstanding investment opportunity for discerning buyers looking to expand their portfolio with a high-income property in a prime location. The combination of fully let flats, steady income, and the potential for value addition through upgrades makes this an attractive proposition.

Call to Action:

Don't miss out on this exceptional opportunity. For more details or to arrange a viewing, please contact us today. Secure your investment in a thriving rental market and benefit from immediate income generation and long-term growth.

Act now to secure this excellent investment opportunity!