R10,750,000

R10,750,000

583m² Apartment Block For Sale in Polokwane Central
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Flat For Sale In Polokwane

Web Ref. DPC260
Land size 1432.00 m²
Floor size 583.00 m²
Monthly Bond Repayment
R98,334.47
Amazing opportunity for the right investor!!!

Three storey building that boasts 18 flats which consists two and three bedrooms. With the approved plans for extending & changing some of the rooms.

This property currently has a great rental income of R117 914,00 per month & that is with a tenant renting the entire complex. The rental agreement comes up for renewal in April 2025. The rental escalates with 10% each year which means more capital.

The tenant is currently leasing out the property as student accommodation with a capacity to hold 90 students. Each student pays R4 500 per month. This is an opportunity not to be missed.

Grow your property portfolio with this great investment, call us today!
Monthly Rates R6,000

Features

Zoning
Mixed Use
Sizes
Land Size 1,432 m²
Floor Size 583 m²
Listing Info
Date Listed 29-09-23
Time Listed 15:47

Polokwane Central, Polokwane

Google map for 583m² Apartment Block For Sale in Polokwane Central

Disclaimer

While every effort will be made to ensure that the information contained within the Dormehl Phalane Property Group website is accurate and up to date, Dormehl Phalane Property Group makes no warranty, representation or undertaking whether expressed or implied, nor do we assume any legal liability, whether direct or indirect, or responsibility for the accuracy, completeness, or usefulness of any information. Prospective purchasers and tenants should make their own enquiries to verify the information contained herein.