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14 Bedroom Apartment Block For Sale in Brooklyn

R5,600,000

1-7 Sharon Villas, 2 Alwin Street

Monthly Bond Repayment R58,758.34
Calculated over 20 years at 11.25% with no deposit.

Web Ref No JRL25537

Exclusive Investment Opportunity: Entire Residential Block in Brooklyn, Milnerton

Take advantage of this rare opportunity to acquire an entire residential block in the suburb of Brooklyn, Milnerton. Comprising seven sectional title apartments and seven garages. This complex offers an attractive proposition for investors seeking an easily manageable property with great rental income.

Each apartment is 53 square meters and features:
• Two bedrooms with vinyl flooring and built-in wardrobes
• A full bathroom equipped with an over-bath shower
• A good size kitchen with granite tops and ample cupboard space
• A large open-plan lounge with sliding doors that open to a Juliet balcony.
• Prepaid water and electricity

The complex is fully tenanted, providing immediate rental income. There is an electric fencing and an automated gate for peace of mind. There is an added benefit of no body corporate due to the size. It is paved throughout and was recently painted, making it an attractive, low-maintenance investment.

Owning a full complex with individually sectional titled apartments provides flexibility in future decisions, offering greater flexibility in terms of future sale or expansion, whether you decide to sell individual units or hold onto the entire property for long-term gain.

Don’t miss out on this fantastic investment opportunity. Contact us today to arrange a viewing.

Features

Bedrooms 14
Bathrooms 7
Recep. Rooms 7
Floor Size 512m²
Garages 7
Land Size 696m²
Carports/Parkings 7
Monthly Rates R770.00
Monthly Levy R10,761.00
Sectional Title Levy R1.00

Agent Contact Details

Winston Phahlane
Western Seaboard & West Coast

Cell 079 887 6345
Office (021) 0545866
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