A golden opportunity awaits!!! This is a chance of a lifetime to own a fully tenanted block of flatlets
This exceptional income-generating investment opportunity is ideally situated in the upper part of Bloem Central. The fully tenanted block of flats ensures immediate and consistent returns from the outset, making it a secure addition to any investment portfolio. Although the property would benefit from some refurbishment, its solid construction, generous proportions, and strategic location present significant potential for enhanced rental income and long-term capital growth.
The property offers the following:
- Four spacious flatlets, each offering 3 bedrooms, a bathroom, a kitchen, a veranda, and a private garage, with a current rental income of R5,250 per unit
- An annex unit offering 1 bedroom, 1 bathroom, and a garage, with rental income of R2,700
- The current total monthly rental revenue is R23,700
All water and electricity are prepaid and professionally managed through Elcheckflow, providing efficient utility monitoring and hassle-free management for the investor.
Prime central location near amenities, major transport routes, and business hubs. Within walking distance of the CBD and several educational institutions, making it an excellent long-term investment.
Please contact us for more information or a viewing of this excellent opportunity