Description

Accepting Offers. DESCRIPTION: AGENTS THIS IS AN EXCLUSIVE SOLE MANDATE - PLEASE RESPECT OUR SELLERS CHOICE OF AGENCY This prime apartment block is situated in sought after Crawford. The properties is in great condition and offer you the perfect investment. The property is located approximately 1.2 kilometres from the M5 highway that leads to the N2 and N1. and is approximately 12.7 kilometres from the centre of Cape Town, 15.6 kilometres from the V&A Waterfront and 13.1 kilometres from Cape Town International Airport. It is within walking distance of the Crawford train station & access to taxis. The sellers is happy to complete the other 12 units, but then the price is R22 500 000. • 25 Apartments plus 12 being completed • Income - R125 626.00 pm • Vacancy - 6 Apartments (potential income ±R41 060.00 pm) • Approved plans for 12 more studio apartments ( potential income - ±R54 000.00 pm) • 30 Parking bays - Rented out at R300.00 pm ( income ±R9000.00 pm) • Total potential income - ±R229 686.00 pm • Studios x 3 • One bedroom x 10 • Two bedrooms x 10 • Three bedrooms x 2 • All units have pre paid electricity • All units get billed for water (central water system) • Laundry room • Fibre • Play area • Communal braai area • Office • Storeroom DETAILS: • Erf no: 38552, Cape Town • Erf size: 2 537m² • Zoning: General Residential 2 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.