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26 Bedroom Apartment Block Sold in Belgravia

R6,995,000


Monthly Bond Repayment R73,395.46
Calculated over 20 years at 11.25% with no deposit.

Web Ref No RL4436

Block of Flats Primely located

Excellently located on a road in the corner of Oxford Street, walking distance to Pick and Pay, Medical centers, Pharmacies, Eateries and all conveniences, this is an ideal block to invest in, be it for student accommodation or for young professionals employed in the Buffalo City. This well managed and well maintained block comprises of 10 Flats of various sizes as follows:

6 x 2 bedroom units, each with full bathroom, open plan kitchen, lounge and dining
3 X 3 bedroom units each with full bathroom, open plan kitchen, Lounge and dining
2 x 1 Bedroom unit with bathroom, open plan kitchen and lounge

The block is always let at 80% -100% with its location being in demand. At full capacity the flats generate an approximate income of R 73 000 with potential for more depending on how one reconfigures tenant living.

DO NOT MISS OUT ON OWNING THIS PROME PIECE OF EAST LONDON.

Call me to arrange a viewing.

Features

Bedrooms 26
Security Yes
Bathrooms 10
Recep. Rooms 44
Dom. Accom. 1
Land Size 1,366m²
Carports/Parkings 6
Furnished Yes
Extras

24 Hour Access

Agent Contact Details

Nomthandazo Mtshemla
Candidate Property Practitioner
Registered with PPRA
(FFC 202 271 398 94)

Cell 0638275459
Office (087) 1354450
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