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Income Bearing Apartment Block & Plans To Expand
updated on May 15, 2024
R 16 500 000

WEB REF: 711913

  • Price R 16 500 000
  • LocationCape Town, Crawford
  • Property TypeCommercial - Block of Flats
  • Erf Size2537.0000 m2
  • Rates & Taxes R 7865.67
  • Monthly Levy R 0.00

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 • Income - R134,196.00 per month • Vacancy - 6 APARTMENTS (Potential income ±R35,000 per month) • Studios x 3 • One bedroom 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. • 30 Parking bays - Rented out at R300.00 per month (income R3,300.00 per month) • Laundry room • Fibre • Play area • Communal braai area • Office • Storeroom 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.

Additional Features
      Property Address

      Crawford, Cape Town, Western Cape

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