Description

Deceased Estate Shafiq Naser (Master Ref no.021259/2023) Accepting Offers. DESCRIPTION: DECEASED ESTATE - Urgent Sale Calling Investors fantastic investment. An opportunity to own a fully tenanted entire block of 25 tenanted flats comprising: • 22 x 2 Bedroom apartments - High demand area and high rental • 2 x 1 Bedroom • 1 Studio unit • 19 Parking bays • A few minutes from CBD and close to all amenities • Possible student accommodation • Rental income of ±R192,672 per month or ±R2,312 million per annum - Generate fantastic returns. • Total gross yearly income to ±R2,312,064 million , expenses ±10% - ±R231,206 – Net ±R2,080,857. DETAILS: • Erf no: 23684, Cape Town • Erf size: 914m² • Zoning: General Residential 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.