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1,641m² Building For Sale in Richmond Estate

R10,500,000

Web Ref No JCL789

15 UNIT Apartment Block in Goodwood

Please note – This not a Commercial Property.
15 UNITS SOLD TOGETHER AS AN ENTIRE APARTMENT BLOCK/COMPLEX
NOT SECTIONALIZED
Photos listed are an example of one of the units.

Discover an exceptional investment opportunity with this solidly built face brick apartment block, ideally located in the vibrant neighborhood of Richmond Estate, Goodwood.

This property features:

- 12 Two-Bedroom Apartments (+- 85m² each): Spacious and thoughtfully designed, these two-bedroom units offer comfortable layouts. Each apartment boasts ample natural light and convenient access to local amenities.

- 3 One-Bedroom Apartments (+- 72m² each): These one-bedroom apartments provide a cozy living space.

Key Features:

Current Rental Income: The 15 units generate a total rental income of R108,225.00 Per Month

Current basic Operating Expenses:
Electricity (General Lighting): R3,400
Rates, Water, Sewerage, Refuse: R11,700
Insurance: R4,800

Potential for Rental Increases: There is significant potential for rental increases of up to +- 20% enhancing the investment's profitability.
Prime Location: Enjoy easy access to public transport, shops, and schools.
Communal area and remote-controlled gates.

Don’t miss the chance to own this fantastic property in a sought-after location. Contact us today for more information or to schedule a viewing!

Features

Open Parkings 18
Zoning Commercial
Floor Size 1,641m²
Security Yes

Broker Contact Details

Judy Foster
Tygerberg

Cell 083 607 0745
Office (021) 2501035
WhatsApp Me
Hilton Foster
Tygerberg

Cell 067 797 5283
Office (021) 2501035
WhatsApp Me

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