This website stores cookies on your device. These cookies are used to collect information about how you interact with our website and allow us to remember you. We use this information in order to improve and customize your browsing experience and for analytics and metrics about our visitors both on this website and other media. To find out more about the cookies we use, see our Privacy Policy in the footer of our website.
Accept
Block of 6 Apartments. 85 % complete.
updated on Jul 01, 2025
R 8 460 000

WEB REF: 740475

 
  • Price R 8 460 000
  • LocationCape Town, Lansdowne
  • Property TypeCommercial - Block of Flats
  • Erf Size495.0000 m2
  • Rates & Taxes R 2700.00
  • Monthly Levy R 0.00
Description

Accepting Offers. DESCRIPTION: This prime property is a unique opportunity to reap the benefits, 85% complete. • Zoning GB1 • 5 x Two Bedrooms, one full bathroom, duplex apartments each ±72m² • Apartments lead onto a terrace / garden area. • 1 x Two bedroom Apartment ±95m² • Apartment leads onto a spacious open balcony and built in braai area Projected Possible Rental income: • 5 x 2 Bedrooms ±72m² • ±R 11 500pm– ±R 14 500pm • 1 x 2 Bedrooms ±92m² • ±R 15 000pm - ±16 500pm Projected Possible Rental income: ±R 870 000pa – ±R 1 050 000pa • Ground and first floor apartments • Open plan kitchen • Vat entity • Parking space for 3 cars, plus potential to add more parking outside the 5 units. • All structural work is completed, leaving minor finishing and installations. • Add your personal touch to the interior and design • Offers immediate potential for income upon completion. • Expand your property portfolio and earn a high rental income or offer a great potential for resale. • Approved water meters. • 3 x Solar panels • 3 x Geysers • Electrical pulled through but not connected. DETAILS: • Erf size: 495m² • Zoning: General Business 1 DISCLAIMER: The information supplied in this advert does not constitute a warranty of any kind or nature by the Sellers of the property or by the Brokers. Buyers must conduct their own investigations prior to purchasing.

Additional Features
      Property Address

      3 Albert Road Lansdowne Cape Town

      Contact Agent(s)

      eMail Agent(s)