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!