12 Bedroom Apartment Block For Sale in Rosettenville

R2,295,000

Monthly Bond Repayment R24,474.56
Calculated over 20 years at 11.5% with no deposit.

Web Ref No DPG2764528

Calling All Investors. Six Apartments in an Apartment Building For One Price.

An Ideal Investment Opportunity to own in an Exclusive Complex within the Rosettenville Area. All six apartments are currently tenanted and managed by Dormehl Phalane Property Group which mitigates any significant risk as an investment. The exterior of the building has been well maintained through the years providing reassurance as to the longevity of an investment of this nature. The owner took immense pride in the entirety of the property forming great relationships with the tenants currently in place.

Details of the Each Apartments:
- Under Roof: +- 90sqm
- 2 Bedrooms
- 1 Bathroom
- Sizeable Living Spaces Throughout
- Kitchen including the Stove
- Entrances from the Front and the Back of the Property.
- One Designated Parking Bay per Apartment.
- Excellent condition throughout.
- Utilities are metered and charged according to each tenants usage.
- Current Return of Investment of R30,875 excluding utilities a month.

Dormehl, as a company, currently manages the property and can provide all details on income and expenditure. For an ideal investment to add to your property portfolio, please do not hesitate to contact us.

Features

Bedrooms 12
Security Yes
Bathrooms 6
Recep. Rooms 12
Floor Size 340m²
Land Size 496m²
Carports/Parkings 6
Pets Allowed Yes
Monthly Rates R1,707.00