Description

Accepting Offers. DESCRIPTION: This apartment block is situated in sought after and popular Glenlily Parow where there is a shortage of accommodation which makes this property the ideal investment. PROPERTY: • GLA – 1773m² • 58 Apartments • Mainly Bachelor & 1 bedroom apartments • Few 2 bedrooms and 3 bedrooms • Sized – 24m² – 65m² • High speed fibre • Pre – paid electricity • Pre-paid water • Managers apartment with manager RECENT RENOVATION: • New lift installed • Entire building recently repainted • Boiler relined • New heat pumps installed for hot water supply • New water, electricity, and hot/cold metering installed in all 58 units • Unit modernization • Built-in cupboards in all units • New electric stoves fitted ADDITIONAL INCOME POTENTIAL: • Rooftop cellular tower leasing • Advertising signage billboards INVESTMENT: • Full rent-roll and expenses available for serious investors • Vat entity • Transaction can be Zero – Rated • Block has already been sectionalized • Well managed by management agency DETAILS: • Erf Size: 657m² • Zoning: General Business 4 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.