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 ref # 4922

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R 22 000 000 (1 145 833 EUR*)

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76
76
30
± 2906m2
R 5467  / m
R 104323  / m

76 Flats For Sale in Sunnyside

Calling the discerning investor to purchase 76 sectional title units ideally located in the heart of Sunnyside.

Investment Property Portfolio:

* 69 x Bachelor flats (1 bed 1 bath);
* 6 x 1 Bedroom flats (1 bed 1 bath);
* 1 x 2 Bedroom flat (2 bed 1 bath).

These flats are in high demand (90% already tenanted), each with an average rental amount of R3500 per month, and offer a kitchen, open plan living area, tiled floors, a bathroom, a parking bay, and an outdoor laundry area.

The estimated valuation is R299,000 per unit.

The combined floor size of all 76 units is 2906 sqm.

Projected Rent Income: R269,900.00 per month.

Combined Levies: R104,322.95 per month.
Combined Rates: R5,466.89 per month.

Projected Profit: R160,110.16 per month.

The total number of units in the block of flats is 105, therefore this portfolio boasts a total of 72.32% ownership of the entire building.

The 5 floor building is newly renovated with new windows, 17 CCTV cameras, a brand new lift, and 24-hour security.

The asking price is R22,000,000 (slightly negotiable).

Contact me NOW to INVEST IN THIS AMAZING OPPORTUNITY!



Message Agent

Thabang Matebane, estate agent


+27 (0)79 812 7445
+27 (0)11 883 0694
 whatsapp agent

  thabang@elements-property.com thabang@elements-property.com
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