Description

Accepting Offers. DESCRIPTION: The block of flats is well managed, with lower maintenance costs and quality systems already in place, making it easier to manage and maintain long-term. The property consists of an apartment blocks comprising of the following: • 3 Double-Storey, three-bedroom units • 2 Studio apartments Property Features: • 1 Garage • Back storeroom • Gas stoves installed in each unit • Laundry room • Parking bay available for each unit • Prepaid electricity meters installed • Prepaid water meters installed (activation still required) • Two units fitted with solar panels • Wi-Fi available throughout the property • Top gate system installed – Centurion D5 Evo • Mezzanine flooring throughout the units Rental Income: • Three-bedroom units are currently rented at ±R15,000 per month each • Studio apartments rented at ±R8,500 per month each Additional Information: • Tenants are on long-term leases • Conveniently located a short distance from Bayside Mall and Parklands Shoprite. DETAILS: • Erf no: 27869, Milnerton • Erf size: 621m² • Zoning: Single Residential 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.