40 Bedroom Apartment Block For Sale in Merrivale East

R8,700,000

Monthly Bond Repayment R94,282.51
Calculated over 20 years at 11.75% with no deposit.

Web Ref No DPR5397

Block of 20 x 2 Bedroom Flats in Merrivale – Investor Opportunity

Almost ‘Maintenance Free’ Block of 20 x 2 Bedroom Flats in Merrivale – Investor Opportunity
Face brick double storey block of flats close to Howick and Merrivale’s amenities, as well as the N3.
Selling the block of 20 flats as a whole, all identical and all tenanted. These are sought after rentals, as they are priced correctly, with prepaid electricity meters, and water meters for ease of convenience. Fibre ready. They are 57sqm.
Each flat comprises of an open plan fitted kitchen and lounge, small upstairs balconies, 2 bedrooms, with built in wardrobes, and one bathroom. Open and under cover parking with communal washing lines in the yard. Yard is tarred, with automated access and good security.