R 15 000 000 (895 522 EUR*)
An iconic art-deco style freehold blocks of flats. fantastic location, on Louis Botha, opposite Berea Fire Station on the Reya-Vaya bus route
A great yield, an iconic investors choice, the best location. This gem has a massive gross monthly income of R21 3769.61 per month. Still have ample opportunity to maximize the returns. Nestled on their ReyaVaya route. The Penthouse on the last floor will easily give you an extra R30 000pm
Fully functional lift, prepaid electricity meter, and newly renovated. it consists of 33 flats, 11 self-contained rooms, 38 parking, 9 more rooms for conventions.
Height 6 floors
Land size/ ERF size 958m2
Gross income R233769.61 pm Note: Including the Penthouse
Expenses at 35% R81819.36
Total Net income R1823403.00 pa
Sector Commercial/Residential
Subsector Sectional Scheme
Flats - 23
Bachelors - 10
Rooms - 11
parking bays - 38
Store rooms - 9
It is a must-buy.
