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 in great condition and offers you the perfect investment. The property is located ±1.2 kilometres from the M5 highway that leads to the N2 and N1. and is ±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 is good. THERE ARE APPROVED PLANS TO BUILD ANOTHER 18 STUDIO APARTMENTS WHICH HAS BEEN STARTED. • 25 Apartments - Potential income completed ±R252,316.00 plus parking per month • Income - R162,316.00 per month • All tenants have paid two months deposit • Vacancy: 2 Apartments (Potential income ±R9,000 per month) • Studios x 3 • One bedrooms x 10 • Two bedrooms x 10 • Three bedrooms x 2 • Approved plans for 18 more studio apartments (Potential income - ±R81,000.00) • All units have pre-paid electricity. • All units get billed for water (centralized geyser and metered at each unit) • 30 Parking bays - Rented out at R300.00 per month (currently 13 rented out - income R3,900.00 per month) • Laundry room • Fibre • Play area • 2 x Communal braai areas • Office, storeroom and staff toilets DETAILS: • Erf no: 38552, Cape Town • Erf size: 2 537m² 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 Auctioneers. Bidders must conduct their own investigations prior to bidding.