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440m² Apartment Block For Sale in Rosettenville

R1,495,000

Web Ref No DPC298

Calling All Investors. Four Apartments situated in a Primely Located Building.

An Ideal Investment Opportunity to own in an Exclusive Complex within the Rosettenville Area. All Four apartments are currently tenanted with Rent Rolls available on Request The exterior of the building has been well maintained through the years providing reassurance as to the longevity of an investment of this nature.

Details of the Each Apartments:
- Under Roof: +- 110sqm
- 1 x 3 Bed, 1 Bath Apartment
- 3 x 2 Bed, 1 Bath Apartments
- Sizeable Living Spaces Throughout
- Kitchen including the Stove
- Entrances from the Front of the Property.
- One Designated Garage per Apartment with additional parking space. Garage is charged at R200 a month.
- Excellent condition throughout.
- Utilities are metered and charged according to each tenants usage.
- Current Generating a Gross Income of +-R 20,000 a month (Varies according to Usage & Recoveries)

All relevant figures are on hand and can be provided at request of a potential purchaser. Please note the property is zoned Res 4 and therefore will classify as a commercial loan which will require a 40% deposit based on the individual or businesses profile. We are happy to assist regarding any additional information on that front as well. For an ideal investment to add to your property portfolio, please do not hesitate to contact us.

Features

Open Parkings 2
Zoning Commercial
Covered Parkings 4
Monthly Rates R1,200.00pm Excl. VAT
Floor Size 440m²
Land Size 574m²

Broker Contact Details

Kyle De Aguiar
Candidate Property Practitioner
Registered with PPRA
(FFC 118 969 8)

Cell 072 137 4699
Office (011) 5539200
WhatsApp Me
Sean Borrill
DPG Alberton/JHB South

Cell 076 404 5563
Office (011) 5539200
WhatsApp Me

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